Quebec · Proposal
Report of the Trustee on the financial situation of the Debtor and on the proposal
Court officer report · 14 February 2025
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: | Distribution percentage | Unknown | 10% | Undetermined | · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: Unsecured creditors (Proposal Option 1) · claims amount: 2709642 · interim final: unstated · conditional on: Depends on Biovie's negotiations with the new investor(s) as to the value accorded to the preferred shares · claims qualifier: estimated; basis: plan · quote: | Distribution percentage | Unknown | 10% | Undetermined | · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: trustee · amount low: 270964 · amount high: 270964 · class label: Unsecured creditors (Proposal Option 2) · claims amount: 2709642 · interim final: unstated · conditional on: No later than 180 days after raising more than $1.0 million, with the assumption that all secured creditors would have proved their claims and chose the second option, representing a total of 10% of their claims · claims qualifier: estimated · table missing: