In order for the court to agree to DIP a competent plan would have to be put into place showing a high chance that money could be made from the venture. Given the fact that SPNG has never been able to turn a dime of profit and the fact that it has lost its licensing agreements, I doubt that any legitimate plan could be devised which offered a decent chance of making DIP work here.
The creditors should scream bloody murder at the suggestion of DIP. Right now, they can go after Dicon's assets and Metter's home. Why give that away to DIP financiers?
puppy, okay. So then Xenonphon is correct; if the company accepts DIP financing and they go through the money and can't make it as a business and have to shut down, there is a good possibility that whomever provided the DIP financing could lose all of it, or at least a fair portion of the money provided.
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