Alberta · CCAA
Monitor’s 8th Report to the Court
Court officer report · 2 December 2009
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 handas at: 2009-12-01 · amount: 17997 · currency: CAD
- financial positionnote: Statement of Estimated Realizations components: Cash NBV 65,566 (low/high 17,000/17,000); A/R NBV 947,213 (low/high -/100,000); Inventory NBV 812,818 (low/high 40,641/162,564); Prepaid expense NBV 307,391 (low/high -/-); Property and equipment NBV 2,493,357 (low/high 400,000/500,000); Patents NBV 152,188 (low/high -/152,000); Trademark NBV 10,918 (low/high -/-); Estimated realizations before realization costs and CRA liability: low 457,641, high 931,564; Priority claim - CRA source deductions 1,550,000; Shortfall low (1,092,359), high (618,436). · as at: 2009-06-30 · basis: book value (NBV) with low/high estimated realizations before realization costs and CRA liability · scope: entity - Visionwall Corporation · currency: CAD
- operational summaryThe report focuses on estimating realizations from a wind-down/liquidation scenario, noting the Monitor has not been directed to explore a sale of the business, and discusses the value of shares to be offered to secured creditors under the Plan tied to the success of newly incorporated Visionwall Solutions Inc.
- report date2 December 2009
- report noEighth Report