Quebec · CCAA
Second Report of the Monitor
Court officer report · 11 December 2015
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: Closing cash balance reflects all Canadian and US dollar operating accounts and the blocked accounts described in the Callidus credit agreement; outstanding items (net $26,306) are not included. Projected balance was approximately $1.98 million. · as at: 2015-12-05 · amount: 3215860 · currency: CAD · qualifier: approximately $3.22 million
- disbursementsnote: Actual cash disbursements vs. budget of $1,322,165; includes a $100,000 refund to Callidus. Excess of receipts over disbursements was $3,121,844. · since: November 12, 2015 (date of the Initial Order), through December 5, 2015 · amount: 772269 · currency: CAD
- operational summaryBluberi, a casino gaming technology company, is continuing operations under CCAA protection, with about 65 of roughly 150 employees recalled after temporary layoffs. It is negotiating a sale of its redemption gaming business to Primero, has a CRO appointment pending, and is seeking a stay extension to February 18, 2016.
- professional feesnote: No single total stated. Cumulative actual from the receipts and disbursements statement: Monitor fees (CCAA) $159,321; legal fees (Monitor) $47,347; legal fees (CCAA) $150,896; other legal fees $5,200. Tax treatment not stated. · party: Monitor (EYI), Monitor's counsel, and Bluberi's CCAA counsel · period: November 12 to December 5, 2015 · currency: CAD
- receipts cumulativenote: Cash receipts actual vs. budget of $3,248,468; includes a $100,000 Callidus wire received in error and returned during the period. Opening cash balance was $94,016. · since: November 12, 2015 (date of the Initial Order), through December 5, 2015 · amount: 3894113 · currency: CAD
- report date11 December 2015
- report noSecond Report of the Monitor