British Columbia · CCAA
First Report of the Monitor
Court officer report · 23 May 2025
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: Actual closing cash balance for the period ending May 18, 2025 per cash flow variance table · as at: 2025-05-18 · amount: 116690 · currency: CAD
- operational summaryThe Company's film production is in the Post-Production stage but was suspended in December 2024 due to liquidity constraints; the Company is seeking a stay extension and increased financing to resolve a funding dispute with the Studio and complete the film.
- professional feesnote: Actual restructuring disbursements for professional fees matched forecast at $50,000 for the period; forecast period total professional fees (Company counsel $180,000 + Monitor and counsel $160,000) = $340,000 · party: Monitor and its counsel, and Company counsel (combined restructuring disbursements) · amount: 50000 · period: May 12, 2025 to May 18, 2025 (actual) · currency: CAD
- report date23 May 2025
- report noFirst Report of the Monitor