Quebec · NOI
Second Report of the Trustee
Court officer report · 9 April 2025
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What we verified from this filing7 verified
- cash on handnote: Opening balance for the Third Cash Flow Forecast, being the actual closing balance as at end of the prior forecast period. · as at: 2025-04-04 · amount: 309160 · currency: CAD
- operational summaryThe Company continues to operate its commercial rental building, collecting rents and paying suppliers (via the Trustee's trust account while its bank accounts were affected by seizure proceedings), while pursuing a court-supervised sale and investment solicitation process for the property.
- process resultsnote: multiple offers received; exact number not stated · as of: 2025-04-04 · solicited: 77
- professional feesnote: Actual professional fees paid in the period; budgeted amount was $60,000 (favourable variance of $27K). · party: Trustee, Trustee's legal counsel and Company's legal counsel · amount: 32623 · period: 6-week period ended April 4, 2025 · currency: CAD
- report date9 April 2025
- report noSecond Report of the Trustee
- sale outcometext: Prior to the deadline to submit offers the Trustee received multiple offers from Potential Purchasers. The Trustee is in the process of completing its review of these offers, seeking clarifications from certain Potential Purchasers and negotiating the terms of a potential transaction. · scope: whole_business · status: bid_selected