HOOPP CEO said DIP LOAN! Bugle is playing Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress, typically during restructuring under corporate bankruptcy law. Usually, this debt is considered senior to all other debt, equity, and any other securities issued by a company — violating any absolute priority rule by placing the new financing ahead of a company's existing debts for payment.
It may be used to keep a business operating until it can be sold as a
going concern. Since it is senior to all other debt/equity one would want to try and collect there debt before to long!
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