Quebec · CCAA
Ninth Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
Court officer report · 13 May 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 for the 4-week period ended May 10, 2015 (actual); budgeted ending balance was $33,918. · as at: 2015-05-10 · amount: 421949 · currency: CAD
- operational summaryThe Companies continue testing programs and discussions with potential clients and expect to sign a letter of intent with an environmental solution provider, while seeking additional DIP financing to launch a Capital Raise process; the restructuring is described as slowly progressing.
- professional feesnote: Budgeted professional fees for the period were $80,626; the projected nine-week cash flow forecasts a further $400,000 in professional fees through July 12, 2015. The report does not state tax treatment or break out the Monitor's own fees. · party: Professional fees paid per the 4-week actual receipts and disbursements (party not specified) · amount: 15000 · period: 4-week period ended May 10, 2015 · currency: CAD
- report date13 May 2015
- report noNinth Report