Quebec · CCAA
Fourth Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
Court officer report · 15 January 2015
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 filing5 verified
- cash on handnote: Ending bank balance per the statement of receipts and disbursements for the 4-week period ended January 11, 2015 (budgeted ending balance was 49,120). · as at: 2015-01-11 · amount: 104338 · currency: CAD
- operational summaryThe Petitioners continue testing programs and discussions with potential clients toward a commercial agreement for the RHS technology, while seeking additional DIP financing and negotiating with Dundee on the post-CCAA capital structure. The Monitor supports extending the stay to January 27, 2015 and expects no plan of arrangement can be filed by then.
- professional feesnote: Actual professional fees disbursed vs. budget of 30,000; the favorable variance is explained by timing. The report does not state the Monitor's own fees or whether tax is included. · party: Professionals (unspecified; actual professional fees disbursed by the Petitioners) · amount: 3387 · period: 4-week period ended January 11, 2015 · currency: CAD
- report date15 January 2015
- report noFourth Report