Ontario · NOI

Second Report of the Proposal Trustee dated March 9, 2021

Court officer report · 9 March 2021

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What we verified from this filing4 verified

financial positionnote: The book value of the assets of Allied and Bottom Line was approximately $40.7 million as at December 31, 2020, which is significantly less than the secured debt owing to the Agent; total liabilities not separately stated. · as at: 2020-12-31 · basis: book value · scope: entity - combined Allied and Bottom Line assets · currency: CAD · total assets: 40700000
operational summaryAllied continues to operate its railroad maintenance and signalling business under NOI protection while pursuing a sale of substantially all assets to a stalking horse purchaser following a SISP that yielded no superior binding offers; post-closing the Company is expected to have no remaining employees and may become bankrupt to complete wind-down.
report date9 March 2021
report noSecond Report