Alberta · NOI
Second Report of the Proposal Trustee
Court officer report · 18 September 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 filing7 verified
- cash on handnote: Ending cash per the actual-versus-forecast table; the report says the Company has an ending cash balance of approximately $20,000. · as at: 2023-09-15 · amount: 20171 · currency: CAD · qualifier: approximately
- disbursementsnote: Actual total operating disbursements per the Fourth Cash Flow Statement's actual column (Jul 28 to Sep 15); professional fees of $29,978 are shown separately as non-operating. The narrower 6-week period of Aug 5 to Sep 15 shows operating disbursements of $812,813. · since: Jul 28, 2023 (to Sep 15, 2023) · amount: 911981 · currency: CAD
- operational summaryThe Company continues operating and is selling existing gravel, sand and aggregate inventory while production of new inventory is paused. It is preparing to sell surplus crushing equipment and the active pits and is continuing environmental reclamation work under Alberta Environment and Parks orders.
- professional feesnote: Actual professional fees paid in the 6-week period versus a forecast of $242,500; the report attributes the variance to timing of invoice payments. Forecast professional fees of $917,196 for Sep 16 to Dec 29, 2023. The report does not say whether tax is included. · party: The Company's legal counsel, the Proposal Trustee and the Proposal Trustee's legal counsel · amount: 29978 · period: August 5 to September 15, 2023 · currency: CAD
- receipts cumulativenote: Actual receipts per the Fourth Cash Flow Statement's actual column (Jul 28 to Sep 15). The narrower 6-week period of Aug 5 to Sep 15 shows actual receipts of $511,928. · since: Jul 28, 2023 (to Sep 15, 2023) · amount: 599208 · currency: CAD
- report date18 September 2023
- report noSecond Report