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?
yea .. I guess normal people would .. makes sense
Dicon is under a separate bk - I think they should be enjoined - now both trustees must work together and take more time and expense to figure out this mess
especially since Dicon is the one and only spng asset ..
overachiever, that's a good point. Plus, if SPNG hasn't even made any updated filings and probably won't, what chance is there that a reorganization plan is forthcoming? The filings have to come first. No filings, no reorganization plan.
Exactly! SPNG couldn't even pay its own bills when it had the much ballyhooed licensing agreements. Exactly how does anyone think they could without them? No reputable lender would extend DIP financing to a company under SEC investigation thats principles have been cuffed by the FBI, that still owes millions of dollars for breach of contracts and that has lost its biggest chance to sell a niche product when it lost all licensing agreements.
Market Data 
Markets 
AI
