Quebec · CCAA
Second Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
Court officer report · 7 November 2014
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 filing4 verified
- financial positionnote: Figures stated as approximate ("approximately $5.9M" assets, "approximately $10.9M" liabilities). Assets mainly property, plant and equipment ($4.1M) and investment tax credits ($1.2M). · as at: 2014-06-30 · basis: Non-consolidated financial statements as at June 30, 2014; assets stated at book value; Monitor relied on unaudited financial information and performed no audit or verification · scope: Gradek Energy Inc. (GEI) only, non-consolidated · currency: CAD · total assets: 5900000 · total liabilities: 10900000
- operational summaryThe Companies remain in the development stage with no revenues, continuing testing programs and discussions with potential clients to reach a commercial agreement while seeking additional DIP financing to cover a forecast shortfall; GEC is not operating.
- report date7 November 2014
- report noSecond Report