Alberta · CCAA
02. Second Report of the Monitor
Court officer report · 28 January 2009
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 filing6 verified
- cash on handnote: Rock Well Canada ending cash balance. Rock Well U.S. ending cash as at January 16, 2009 was $422,249. Cash balances exclude approximately $108,000 (Canada) and $196,000 (U.S.) that management believes may be restricted pending legal review. · as at: 2009-01-16 · amount: 432112 · currency: USD
- disbursementsnote: Rock Well Canada actual disbursements for the reporting period only, not since filing, against forecast of $310,458. Rock Well U.S. actual disbursements for the same period were approximately $394,632. · since: January 2, 2009 (period January 2 to January 16, 2009) · amount: 133132 · currency: USD
- operational summaryThe Monitor reports no material change to operations since the First Report, a maintained reduced workforce, and generally continued support from critical vendors; the company expects to run out of cash by mid-February 2009 without DIP financing.
- receipts cumulativenote: Rock Well Canada receipts for the reporting period only, not since filing; the receipt was a security deposit refund on a London flat rental. Rock Well U.S. receipts for the same period were approximately $19,936. · since: January 2, 2009 (period January 2 to January 16, 2009) · amount: 19018 · currency: USD
- report date28 January 2009
- report noSecond Report