After 3 days the parties cannot come to an agreement. They will...

After 3 days the parties cannot come to an agreement.
They will be returning at 10:00am Friday before the court. (that's Saturday early morning)
The judge will be delivering his ruling unless they can agree before 10:00am Friday.

TCS/Castlelake have offered a Debtor in Possession loan to continue operations at 14% interest.(the legal maximum) K&M Custodians have also made the same offer but secured against Clear Creek.

So it looks like TCS have agreed to continue funding if Marion agree to a strict sale process.

My guess and its only a guess is that the sale process will be controlled by the court, and they will have 60 Days to find a potential buyer... If a potential buyer is found, further time will be given for due diligence.

Once again this is not inside information.....its the power of google.