Alberta · CCAA

Monitor's First Report to Court

Court officer report · 13 March 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 filing2 verified

financial positionnote: Total estimated book value of $24,672,000 (in 000's) represents the sum of listed creditor categories (secured $150k as of 12/31/2023; trade/accrued liabilities $2,659k and unitholder redemption notices $16,366k as of 3/6/2025; Grey King $586k as of 3/6/2025; Founders/related parties $4,911k as of 12/31/2023) — figures carry differing as-of dates as stated in the source table. No single combined total assets figure is stated in the document; asset categories (Loan Receivables ~$79.1M as at 2/28/2025 and Other Assets $14,134k largely as at 12/31/2023) are reported separately and not summed by the Monitor. · page: 8 · basis: Estimated book value per Management workbook / Personal Property Registry; unaudited, preliminary · scope: The Applicants (nine of ten OKR Funds), excluding AdminCo · currency: CAD · total liabilities: 24672000
secured creditorsnote: Secured by an unpaid promissory note issued by the Applicants; individuals are the actual registered secured creditors (not guarantors). · page: 8 · as of: 2023-12-31 · amount: 150000 · debtor: The Applicants (OKR Group) · creditor: Wesley Glen Samuel Mills and Jayne Parish · currency: CAD · security: Registered claim on the Personal Property Registry