On June 20, 2017, WealthColony Management Group, LLC filed a preliminary objection with the United States Bankruptcy Court for the District of Delaware to advise the Court that it objected to the Debtor-in-Possession (DIP) financing proposal made by Soupman, Inc. as a result of (i) the General Partner’s concerns about the existing management team of the Company, (ii) its view that alternate financing with better terms may be available, and (iii) its view that the proposed DIP financing is not fair, reasonable and adequate under Section 364 of the United States Bankruptcy Code because the interim DIP financing is not necessary for the operation of the Company and other debtors.