Saskatchewan · Court officer
Epic Alliance Inc. et al. - First Report of the Inspector
Court officer report · 26 April 2022
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 filing12 verified · 1 withheld
- applicantNIKOLETTE GAYK and CAROLYN ROBINSON
- court file noQ.B. 150 of 2022
- appointeeErnst & Young Inc.
- appointee roleInspector
- commencement date25 February 2002
- proceeding typecourt_officer
- disbursementsnote: Of this total, $23.3 million was paid to Investors and $32.1 million related to operating the various entities. · since: January 1, 2019 to February 25, 2022 (the Analysis Period) · amount: 55400000 · currency: CAD
- operational summaryThe EA Group, a real estate investment business funded by retail investor mortgages, promissory notes, and share issuances, ceased operations in January 2022, released property keys on approximately 540 homes to first mortgage holders, and has no ongoing business; only nominal cash and other assets remain.
- professional feesnote: Plus applicable taxes; legal counsel fees separately billed at $63,204.68 (plus applicable taxes); funded by a $74,105 retainer from investors. · party: Inspector (Ernst & Young Inc.) · amount: 226203.6 · currency: CAD
- receipts cumulativenote: Approximately $41.6 million from investor funds and $15.0 million from business operations. · since: January 1, 2019 to February 25, 2022 (the Analysis Period) · amount: 56600000 · currency: CAD
- report date26 April 2022
- report noFirst Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.