British Columbia · NOI
Second Report of the Proposal Trustee
Court officer report · 24 February 2026
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: Closing Cash Balance per Actual column for the 2-week period ending Feb 15, 2026 · as at: 2026-02-15 · amount: 273233 · currency: CAD
- operational summaryThe Company continues to operate in the ordinary course during the SISP marketing process, with the NOI proceeding extended and a DIP facility in place, while a sale and investment solicitation process is being pursued to sell the business as a going concern.
- professional feesnote: Budgeted Restructuring Disbursements included Professional fees - Company counsel ($40,000 forecast) and Professional Fees - Proposal Trustee and its counsel ($65,000 forecast); actuals show $0 spent, variance attributed to amounts not yet invoiced. · party: Proposal Trustee and its counsel / Company counsel · period: February 2, 2026 to February 15, 2026 · currency: CAD
- report date24 February 2026
- report noSecond Report
- sale outcometext: Company sought approval of the proposed SISP to sell the business as a going concern · scope: whole_business · status: process_approved