Nova Scotia · NOI
First Report of the Trustee
Court officer report · 24 May 2023
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 filing3 verified
- financial positionnote: Assets stated only as itemized components (not summed): Property/Building $1,430,000; Inventory $1,908,094; Cash in Bank $52,279; Accounts Receivable $862,658. Secured liabilities stated individually (Atlantic Golden Age Holding Inc. $2,835,269; AP Canada Fund 1 $1,593,078) and unsecured liabilities stated as 'approximately $3,587,323' (prose approximation, no exact dated balance given). No consolidated total assets or total liabilities figure is stated in the document. · page: 3 · as at: as of the date of this Report (May 24, 2023) · basis: management/trustee-reported, no total stated · scope: entity - Atlantic Sea Cucumber Ltd. · currency: CAD
- secured creditorsnote: Registered address (212 Paul's Point Road, Hackett's Cove) matches director Songwen (Sam) Gao's address, suggesting related-party status. Form 33 list of creditors (as of NOI filing, May 1, 2023) shows a different claim amount of $2,748,183.00 for this same creditor - see page 22. · page: 3 · as of: as of the date of this Report (May 24, 2023) · amount: 2835269 · debtor: Atlantic Sea Cucumber Ltd. · creditor: Atlantic Golden Age Holding Inc. · currency: CAD
- secured creditorsnote: Classified as secured in the Trustee's First Report (this entry); however, the same creditor is listed under the 'Unsecured' category in the Creditor Mailing List dated May 2, 2023 (page 15) - classification discrepancy in the record. · page: 3 · as of: as of the date of this Report (May 24, 2023) · amount: 1593078 · debtor: Atlantic Sea Cucumber Ltd. · creditor: AP Canada Fund 1 Inc. · currency: CAD