Manitoba · NOI
Seventh Report of the Proposal Trustee
Court officer report · 8 December 2016
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What we verified from this filing9 verified
- closing confirmedscope: the EPA transaction (equipment) · outcome: completed · effective: 2016-11-02 · date basis: stated
- disbursementsnote: Total cash out over the same cumulative cash flow period. · since: June 11, 2016 to December 2, 2016 · amount: 1531953 · currency: CAD
- operational summaryThe company's equipment sale (EPA) closed and equipment was removed, a final auction of remaining miscellaneous assets was held, and the premises are expected to be vacated and returned to the landlord by December 10, 2016; the Company will not file a proposal and is expected to be deemed bankrupt shortly thereafter.
- professional feesnote: Company Legal Counsel (Tapper Cuddy) invoiced a separate total of $82,492.56 over the NOI period. · party: PwC (Proposal Trustee) · amount: 208231.75 · period: June 11, 2016 to November 4, 2016 (NOI period) · currency: CAD
- purchaserprice: sealed: false · scope: equipment purchased under the equipment purchase agreement (EPA) · status: closed · name note: purchaser under the EPA, unnamed in text provided · structure: assets · name source: recital · relationship: unstated; price: sealed: false · scope: the Customer List · status: closed · name note: purchaser of the Customer List, unnamed · structure: assets · name source: recital · relationship: unstated
- receipts cumulativenote: Cumulative total of weekly cash flow reports based on information provided by management. · since: June 11, 2016 to December 2, 2016 · amount: 1757631 · currency: CAD
- report date8 December 2016
- report noSeventh Report
- sale outcometext: EPA and Customer List transactions closed; final auction of remaining assets held December 5, 2016 · scope: parcel · status: closed