British Columbia · Proposal

Supplement to the Trustee's Fourth Report filed March 24, 2023.pdf

Court officer report · 24 March 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 filing3 verified

operational summaryPaySlate is a remote-operating technology company processing online rental payments, with minimal fixed assets, a history of substantial losses, and continued cash burn funded by roughly $2 million of interim financing over four months. The report supports a reverse vesting order transaction with Ayrshire and explains that the only alternative is bankruptcy.
report date24 March 2023
report noSupplement to the Trustee's Fourth Report