Quebec · CCAA
Seventh Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
Court officer report · 31 March 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 filing5 verified
- cash on handnote: Ending bank balance for the 2-week period ended March 29, 2015 (actual); opening cash for the projected period is also $91,302. · as at: 2015-03-29 · amount: 91302 · currency: CAD
- operational summaryThe Companies are still in CCAA protection, running testing programs and negotiating a commercial agreement with potential clients while seeking additional DIP financing to attract an investor; without these, a forced liquidation of assets is possible.
- professional feesnote: Actual disbursement vs. budget of $60,000; the report does not state whether tax is included or break the amount down by professional. · party: Professional fees disbursed by the Petitioners (all professionals, not itemized by party) · amount: 61954 · period: 2-week period ended March 29, 2015 · currency: CAD
- report date31 March 2015
- report noSeventh Report