British Columbia · Proposal
Trustee's Fifth Report dated March 31, 2023.pdf
Court officer report · 31 March 2023
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: Forecast cash balance at the beginning of the Third Extension Period (April 3, 2023); the forecast table shows opening cash of $22,549. · as at: 2023-04-03 · amount: 22000 · currency: CAD · qualifier: approximately; forecast
- operational summaryThe company is operating under its NOI proceedings and is seeking a further extension of time to file a proposal to April 14, 2023 while the Court's decision on the RVO Transaction is pending. The trustee forecasts that the DIP Loan provides sufficient funding to maintain operations through April 14, 2023.
- professional feesnote: Forecast non-operating disbursements, described as mainly professional fees of the Proposal Trustee, Fasken, and BLG; not stated whether tax is included. The forecast table shows $48,500 per week for two weeks. Legal and trustee fees estimated to completion less amounts to be paid in the weeks of April 3 and April 10 are $64,000. · party: Proposal Trustee (Grant Thornton Limited), Fasken, and BLG · amount: 97000 · period: April 3, 2023 to April 14, 2023 (forecast) · currency: CAD
- report date31 March 2023
- report noFifth Report