Rooster Energy PRBEQ

This news on my broker account

[VincenzoGO]

Rooster Energy Interim Financing Approved

00:00:02 EDT08/05/2017

This appear on my broker account.
Can anyone tells me what it means?

[westcoast1000]

Vincenzo, That sounds encouraging but I cannot find any mention of it. Please post anything further that you see.

[Burnerman]

Even though I sold everything ( at a massive loss to boot ) I am still monitoring this one. I checked my TD Waterhouse and my ScotiaItrade account and found nothing on this financing agreement as well. I do wish everyone the best though that did not get out in time.          GLTA

[BrokeNewbie]

Court decision suppose to be on August 15. Most likely we wont hear anything till then or after.

[VincenzoGO]

I took a screenshot of my broker account. Here's the title of all news in the column of left. At the right there's always the news it self but now they left it in blank. Its blank since 07/11/2017 12:00AM "Rooster Energy Objections Filed" I hope someone can tell me an advice of what mean "Interim Financing Approved". Is it a kind of money to finish the year and pay

[westcoast1000]

The text in your previous message explained it, I think: "Since the Petition Date, the Administrative Agent and the Holders have, at the request of the Debtors, allowed the Rooster Debtors to use Cash Collateral in an amount of at least $1,493,535.40.... The Administrative Agent and the Holders object to the proposed DIP Financing because it must provide for payment of the Allowed