Quebec · CCAA
Seventh Report of the Designated Monitor on the State of Debtors’ Financial Affairs
Court officer report · 27 May 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 filing6 verified
- cash on handnote: EVH's closing bank balance per actual results table as at May 17, 2005; the Monitor separately holds $143,500 in its trust account (advanced by Quebec Waters, Inc.) plus the $1,000,000 forfeited deposit. · as at: 2005-05-17 · amount: 18087 · currency: CAD
- disbursementsnote: Versus projected disbursements of $4,174,392 for February 23 to May 31, 2005. · since: February 23, 2005 (to May 17, 2005) · amount: 258874 · currency: CAD
- operational summaryEVH is no longer in operation; activities consist of safeguarding the Saint-Mathieu d'Harricana facilities, maintaining the plant, and marketing its assets for sale, funded by DIP financing, after the Quebec Waters sale failed to close.
- receipts cumulativenote: Actual receipts versus projected $19,132,484; variance mainly due to Quebec Waters, Inc.'s failure to close. Excludes the $1,000,000 deposit deemed forfeited and the $143,500 held by the Monitor. · since: February 23, 2005 (to May 17, 2005) · amount: 101435 · currency: CAD
- report date27 May 2005
- report noSeventh Report