Quebec · CCAA
Ninth Report of the Monitor
Court officer report · 25 October 2016
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: Ending cash balance per the actual vs. budget statement; budgeted ending balance was $7,051,348. Opening cash balance as at October 16, 2016 is stated as approximately $7,928,000. · as at: 2016-10-15 · amount: 7927474 · currency: CAD
- disbursementsnote: Cumulative actual total outflows per Appendix A, on a cash basis. For the 18-week period June 12 to October 15, 2016, actual cash disbursements were $6,063,598. · since: 2015-11-12 (date of the Initial Order), through October 15, 2016 (approximately 49 weeks) · amount: 17030484 · currency: CAD
- operational summaryBluberi continues to operate its casino gaming technology business with 67 employees while the court-approved credit-bid sale to Callidus' purchaser vehicle awaits closing, pending the purchaser obtaining gaming licences (expected late 2016 or early 2017). The Monitor considers cash sufficient to sustain operations and supports extending the stay to February 15, 2017.
- receipts cumulativenote: Cumulative actual total inflows per Appendix A, on a cash basis. For the 18-week period June 12 to October 15, 2016, actual cash receipts were $7,599,313. · since: 2015-11-12 (date of the Initial Order), through October 15, 2016 (approximately 49 weeks) · amount: 24863942 · currency: CAD
- report date25 October 2016
- report noNinth Report of the Monitor