M3 Touch inc

M3 Touch inc. filed an assignment in bankruptcy on 17 December 2019 in Quebec, under paragraphe 102(1) de la Loi, with Raymond Chabot Inc. serving as syndic de l'actif du failli under court file 500-11-057687-192. As at 17 December 2019, the statement of affairs recorded total assets of $12,002.00 against total liabilities of $3,928,805.32, a stated deficit of $3,916,803.32, comprising unsecured claims of $2,821,505.14, secured claims of $1,100,000.00, and preferred claims of $7,300.18. Secured creditors include BDC Capital Inc. at $800,000.00 and Caisse Desjardins de Chomedey at $300,000.00, while unsecured claims include $855,000.00 owed to Stay Connected. The proceeding remains active.