MonoGen, Inc.

MonoGen, Inc. is in bankruptcy in Ontario under the BIA, court file no. 31-1148649, with RSM Richter Inc. as trustee; the estate remains active. The Statement of Affairs, as stated and estimated by the bankrupt as at December 30, 2008, shows total assets of $5,171,919.92 against total liabilities of $2,127,284.34, all recorded as contingent or other liabilities, with unsecured, secured and preferred creditors shown as NIL. Assets are accounts receivable of $2,127,284.34, deposits in financial institutions of $1,266,327.80, an investment in MOMKE Inc. of $1,776,307.78 and MonoGen, Inc. (US) options at $0.08. The debtor's preliminary list of creditors as of December 31, 2008 is led by Caisse de depot et placement du Quebec at $7,161,777.79, Norman Pressman at $1,506,739.38 and a contingent claim of Piper Jaffray at $1,216,700, with Gestion Adma Inc. at $180,679.95.