Alberta · NOI
Supplemental Report to the Eighth Report of the Monitor
Court officer report · 26 November 2024
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What we verified from this filing6 verified
- cash on handnote: Opening cash balance in the Waterfall Analysis (table in C$000s), prior to a November 29, 2024 assumed closing · amount: 445000 · currency: CAD
- disbursementsnote: Estimated payments to various creditors and stakeholders at closing of the Transaction, per Waterfall Analysis assuming November 29, 2024 closing · amount: 8374000 · currency: CAD
- operational summaryThe Razor Entities continued limited going-concern operations without interim financing while advancing a sale (the Transaction) to Texcal, relying on operating cash flow to fund post-filing obligations pending closing.
- professional feesnote: Payments to the Sales Agent of $320,000 and other professional fees of $50,000 totaling approximately $370,000, contemplated at closing of the Transaction · party: Sales Agent and other professionals · amount: 370000 · currency: CAD
- report date26 November 2024
- report noSupplemental Report to the Eighth Report