Quebec · CCAA
Eighth Report of the Designated Monitor on the State of Debtors’ Financial Affairs
Court officer report · 28 July 2005
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing10 verified
- cash on handnote: Closing bank balance per actual results for May 18 to July 14, 2005; does not include the net funds held in trust by the Monitor totaling $630,284 from the unsuccessful Quebec Waters, Inc. transaction. · as at: 2005-07-14 · amount: 68022 · currency: CAD
- disbursementsnote: Actual disbursements for the period May 18, 2005 to July 14, 2005 only (a period figure, not cumulative since filing); projected disbursements for May 18 to July 29, 2005 were $156,664. · since: 2005-05-18 · amount: 114688 · currency: CAD
- operational summaryEVH is no longer operating; activities are limited to safeguarding and maintaining the Saint-Mathieu d'Harricana facilities and participating in the sale of its assets, with only two employees remaining (one part-time).
- process resultsndas: 14 · note: Initial marketing process results as reported by Scotia; later extended process dealt with six interested parties. · as of: 2004-06-16 · solicited: 60
- purchaserEaux Vives Water Bottling Corp.
- receipts cumulativenote: Actual receipts for the period May 18, 2005 to July 14, 2005 only (a period figure, not cumulative since filing); projected receipts for May 18 to July 29, 2005 were $225,360. · since: 2005-05-18 · amount: 160439 · currency: CAD
- report date28 July 2005
- report noEighth Report
- sale advisorScotia; Morgan Stanley & Co.
- sale outcometext: Asset purchase agreement entered into and motion filed for court authorization to complete the sale; not yet closed as of this report. · scope: whole_business · status: pending_approval