Newfoundland and Labrador · NOI
Fourth Report of the Proposal Trustee
Court officer report · 15 September 2026
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 filing7 verified
- cash on handnote: Held in trust by the Proposal Trustee, prior to distribution · amount: 4518896.43 · currency: CAD
- operational summaryPPDI's operations appear to be winding down amid financial distress: employee paycheques are bouncing despite trustee-advanced funds, ROEs and T4s remain outstanding, and PPDI is not cooperating or responding to the Proposal Trustee's requests for information.
- professional feesnote: Excludes HST of $15,519.72 and expenses of $11,799.83; legal counsel's fees separately total $115,238.50 plus expenses of $555.64 and HST of $17,358.18 for April 1, 2026 to September 14, 2026 · party: Proposal Trustee (S.R. Stack & Company (2023) Ltd.) · amount: 99715 · period: March 25, 2026 to September 14, 2026 · currency: CAD
- report date15 September 2026
- report noFourth Report
- sale advisorResolve Advisory Services Ltd.
- sale outcometext: the Court granted a Sale Approval and Vesting Order ('SAVO') which, among other things, approved the Sale Transaction · scope: whole_business · status: approved