Quebec · NOI
Second Trustee's Report
Court officer report · 22 October 2024
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What we verified from this filing10 verified
- cash on handnote: Ending balance of the actual 4-week cash flow period ended October 19, 2024. · as at: 2024-10-19 · amount: 703099 · currency: CAD
- disbursementsnote: Actual cumulative disbursements for the 4-week period from September 23 to October 19, 2024. · since: September 23, 2024 · amount: 411049 · currency: CAD
- financial positionnote: Balance sheet shows Assets subtotal 2 970 (000s) and Liabilities subtotal 4 177 (000s) as at 8-31-2024, unaudited; company's short-term assets are insufficient to meet its short-term obligations. · as at: 2024-08-31 · basis: Unaudited · scope: entity (3760626 Canada Inc.) · currency: CAD · total assets: 2970000 · total liabilities: 4177000
- operational summaryThe Debtor has continued to operate its digital platform/technology business since the NOI filing, with a Sale and Solicitation Process underway and 45 parties solicited; the company retains 28 employees needed to complete current contracts.
- process resultsas of: 2024-10-22 · solicited: 45
- professional feesnote: Forecasted professional fees of $155,000 over the 8-week cash flow forecast; comprised of Trustee and counsel fees related to NOI procedures. Actual professional fees paid during the prior 4-week period were nil. · party: Trustee and counsel · period: October 20, 2024 to December 14, 2024 (forecast) · currency: CAD
- receipts cumulativenote: Actual cumulative receipts for the 4-week period from September 23 to October 19, 2024. · since: September 23, 2024 · amount: 475105 · currency: CAD
- report date22 October 2024
- report noSecond Report
- sale outcometext: SSP launched and approved by the Court on October 1, 2024; bids to be opened October 30, 2024 · scope: whole_business · status: process_approved