Is the NIC connected and the correct Network label selected? Try logging into the helper VM and make sure it set the right ip. Try these KB's
VMware KB: P2V of Linux system fails at 1% with the error: Entering the vmacore application loop
Is the NIC connected and the correct Network label selected? Try logging into the helper VM and make sure it set the right ip. Try these KB's
VMware KB: P2V of Linux system fails at 1% with the error: Entering the vmacore application loop