Ontario · Receivership (court-appointed)
Notice and Statement of Receiver
Notice to creditors · 13 November 2020
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
- financial positionnote: No secured creditors stated ('The amount owed by insolvent person to each creditor who holds a security on the property described above: None.'). Investment in Digital Venture Fund LP and other entities valued as 'Unknown' and not included in total. · page: 1 · basis: Estimated value of assets identified and known to be available to the Receiver at the time this notice and statement was prepared; limited financial records available · scope: Combined - Exponential Group (ExV Inc., Exponential Digital Trading Inc., Exponential Capital & Markets Inc., Exponential Advisors Inc., Digital Asset Fund Corp., tribe inc., Digital Venture Fund GP Inc. and Digital Venture Fund LP) · currency: CAD · total assets: 1450000
- unsecured creditorspage: 3 · basis: Listing of Creditors prepared by Receiver based on available information · amount: 3070097.64 · debtor: Exponential Group · creditor: 2444467 Ontario Inc. · currency: CAD
- unsecured creditorsnote: Amount listed as unknown · page: 3 · basis: Listing of Creditors prepared by Receiver based on available information · debtor: Exponential Group · creditor: James Wallace · currency: CAD
- unsecured creditorsnote: Amount listed as unknown · page: 3 · basis: Listing of Creditors prepared by Receiver based on available information · debtor: Exponential Group · creditor: Fasken Martineau DuMoulin LLP · currency: CAD
- unsecured creditorsnote: Amount listed as unknown · page: 3 · basis: Listing of Creditors prepared by Receiver based on available information · debtor: Exponential Group · creditor: Harney Westwood & Riegels · currency: CAD
- unsecured creditorsnote: Amount listed as unknown; potential deemed-trust class claim · page: 3 · basis: Listing of Creditors prepared by Receiver based on available information · debtor: Exponential Group · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 3 · basis: Listing of Creditors prepared by Receiver based on available information · amount: 5676.44 · debtor: Exponential Group · creditor: HSBC Mastercard · currency: CAD
- unsecured creditorspage: 3 · basis: Listing of Creditors prepared by Receiver based on available information · amount: 4900 · debtor: Exponential Group · creditor: Scotiabank Visa · currency: CAD
- unsecured creditorspage: 3 · basis: Listing of Creditors prepared by Receiver based on available information · amount: 23932.89 · debtor: Exponential Group · creditor: American Express · currency: CAD
- unsecured creditorsnote: Amount listed as unknown; potential preferred wage claims not separately quantified · page: 3 · basis: Listing of Creditors prepared by Receiver based on available information · debtor: Exponential Group · creditor: Employees · currency: CAD
- unsecured creditorsnote: Amount listed as unknown; US-based creditor · page: 3 · basis: Listing of Creditors prepared by Receiver based on available information · debtor: Exponential Group · creditor: Growth Partners · currency: USD
- secured creditors