Ontario · CCAA
Third Report of the Monitor
Court officer report · 28 May 2010
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 filing8 verified · 1 withheld
- financial positionnote: Of the total liabilities, amounts owing to lenders represented approximately $30.3 million, including accrued fees and interest. Liquidation value estimated at $24.7 million to $27.6 million, substantially below book value of assets. · as at: 2010-03-31 · basis: latest draft financial statements · scope: entity - the Applicants (Planet Organic Health Corp. and Darwen Holdings Ltd.) · currency: CAD · total liabilities: 38900000
- operational summaryPlanet Organic continued normal business operations, paying employees and remitting statutory deductions, while pursuing an acquisition of substantially all assets by Catalyst as a going concern transaction, absent which the Company faced potential liquidation.
- process resultsnote: 130 parties contacted for POM and Mrs. Green's, 33 for Trophic, 50 for Sangster's and Healthy's · solicited: 213
- purchaserThe Catalyst Capital Group Inc.
- report date28 May 2010
- report noThird Report of the Monitor
- sale advisorPartnership Capital Growth LLC
- sale outcometext: The Applicants seek approval of the Acquisition Agreement with Catalyst resulting from the sale process · scope: whole_business · status: pending_approval
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.