Gretna FC chairman Ron McGregor has told BBC Sport a late bid is set to be tabled to buy the ailing SPL club.
One of four consortiums listed by the administrators last week are set to come in with a cash offer by this weekend's deadline.
"I think there is certainly a chink of light," McGregor said said.
"We know there is a bidder putting in a very serious, considered bid together and that should be launched by the closing date."
McGregor was speaking after watching Gretna defeat Hearts in their last SPL game of the season.
He said the club are set for a visit from administrators towards the end of this week and any bids would have to go through a number of processes.
"We now have a creditors' committee who would have to have a look at that, with the recommendation for the administrator," McGregor added:
"So we are not regarding this as pulling down the curtain and turning off the lights."
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