Alberta · CCAA

Monitor’s Eighteenth Report to Court

Court officer report · 26 May 2014

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 filing1 verified

recovery outcomeentries: basis: unstated · quote: As the Lending Syndicate will suffer a shortfall in respect of its secured claim on the direct assets of Poseidon (i.e. accounts receivable, proceeds on the assets sold to Rockwater etc.), there will be no distribution to Poseidon's unsecured creditors from recoveries on the direct assets. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Poseidon's unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As the Lending Syndicate will suffer a shortfall in respect of its secured claim on the direct assets of Poseidon (i.e. accounts receivable, proceeds on the assets sold to Rockwater etc.), there will be no distribution to Poseidon's unsecured creditors from recoveries on the direct assets. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Lending Syndicate · creditor name: Lending Syndicate · interim final: unstated · claims qualifier: unstated · stated on: 2014-05-26 · table missing: