Alberta · CCAA
Monitor’s Thirteenth Report to Court
Court officer report · 6 September 2013
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Notwithstanding this claims process, the Monitor does not currently anticipate there will be any dividend to any of Poseidon's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On July 30, 2013, an interim distribution of $31.4 million was made to the agent of the Lending Syndicate, comprised of $4 million from cash on hand held by Poseidon and $27.4 million from a portion of the Rockwater sales proceeds held in trust by the Monitor's legal counsel. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 31400000 · amount high: 31400000 · class label: Lending Syndicate · creditor name: Lending Syndicate · interim final: interim · claims qualifier: unstated; basis: unstated · quote: To pay $2.06 million to Rockwater representing the proposed purchase price adjustment discussed in Section 4 above; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 2060000 · amount high: 2060000 · class label: Rockwater · creditor name: Rockwater · interim final: unstated · claims qualifier: unstated · stated on: 2013-09-06 · table missing: