Alberta · NOI
First Report of the Proposal Trustee
Court officer report · 19 August 2024
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What we verified from this filing16 verified · 1 withheld
- appointeeErnst & Young Inc.
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no25-3111397, 25-3111393
- appointee roleProposal Trustee
- commencement date30 July 2024
- cash on handnote: Ending cash balance per actual cash flow for period July 30, 2024 to August 16, 2024 · as at: 2024-08-16 · amount: 12634 · currency: CAD · qualifier: actual, unaudited
- disbursementsnote: Total disbursements, actual, for period July 30, 2024 to August 16, 2024 · since: July 30, 2024 · amount: 7414 · currency: CAD
- operational summaryWorldplay terminated all employees prior to the NOI filing and is winding down through a stalking horse RVO sale process, having found no superior bids after marketing the business for approximately two years.
- process resultsndas: 8 · note: figures relate to the 2024 pre-filing sales process, not the post-NOI SISP · as of: 2024-08-19 · solicited: 45
- purchaserTodd Grenier, Kevin Reinhart, Joel Van Dusen, Ashley Webster, and Sean Quinn
- receipts cumulativenote: Total receipts, actual, for period July 30, 2024 to August 16, 2024 · since: July 30, 2024 · amount: 4124 · currency: CAD
- report date19 August 2024
- report noFirst Report of the Proposal Trustee
- sale advisorErnst & Young Orenda Corporate Finance Inc.
- sale outcometext: Stalking horse RVO Bid pending approval at August 21, 2024 application; no superior offer received · scope: whole_business · status: pending_approval
- stalking horseTodd Grenier, Kevin Reinhart, Joel Van Dusen, Ashley Webster, and Sean Quinn (300000)
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.