Quebec · CCAA
Eighth Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
Court officer report · 16 April 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 filing4 verified
- cash on handnote: Ending bank balance for the 2-week period ended April 19, 2015 (actual); budgeted ending balance was $11,715. · as at: 2015-04-19 · amount: 24609 · currency: CAD
- operational summaryThe Companies are still in CCAA protection, continuing testing programs and discussions with potential clients (an environmental solution provider) toward a commercial agreement/LOI, and have secured a further $200,000 interim DIP financing commitment; a stay extension to May 14, 2015 is sought, with a risk of forced liquidation if the LOI and additional DIP financing are not obtained.
- report date16 April 2015
- report noEighth Report