Ontario · Interim receivership
Fourth Report of the Proposal Trustee and Receiver dated April 23, 2020
Court officer report · 23 April 2020
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What we verified from this filing6 verified
- operational summaryThe Companies ceased all business operations and terminated employees in March 2019 due to lack of funding; BDO, as receiver and proposal trustee, has been resolving asset ownership and tax credit disputes with Redrover, culminating in a proposed settlement and vesting order for the sale of Toonbox's assets.
- professional feesnote: Fees reported in two separate period figures, not summed: $267,268.90 (plus HST) for April 16, 2019 to November 25, 2019 (Pre-Receivership Fees) and $88,771.81 for November 26, 2019 to April 20, 2020 (Post-Receivership Fees). · party: BDO Canada Limited (Receiver/Proposal Trustee) · period: April 16, 2019 to April 20, 2020 · currency: CAD
- purchaserRedrover Co. Ltd.
- report date23 April 2020
- report noFourth Report
- sale outcometext: Request court approval of the Settlement Agreement and a vesting order of certain assets as set out in the Settlement Agreement with Redrover · scope: ancillary · status: pending_approval