Ontario · Receivership (court-appointed)

Report of Richter Advisory Group Inc. in its capacity as Proposed Receiver of WCI Westervelt College Inc. – dated August 1, 2017

Pre-filing report · 1 August 2017

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 filing1 verified

financial positionnote: Includes Interco Payables (advances/amounts owing to parent company/affiliates) of $2,798,596 and WCI Earn Out Payable of $24,701 within long-term liabilities; balance sheet is unaudited management-prepared statement (Appendix C). · page: 47 · as at: 2017-06-30 · basis: unaudited · scope: entity: WCI Westervelt College Inc. · currency: CAD · total assets: 3620249 · total liabilities: 4241066