What we verified from this filing6 verified
- cash on handnote: As at March 20, 2021, cash was approximately nil; also described as a negligible cash balance as at the date of the Second Report · as at: 2021-03-22 · amount: 0 · currency: CAD · qualifier: negligible
- disbursementsnote: Net cash flow of ($1.0) million for the Reporting Period ended March 20, 2021, consisting entirely of professional fees disbursements · since: January 25, 2021 (Filing Date) · amount: 1000000 · currency: CAD
- operational summaryThe Applicants continue operating their restaurant locations while negotiating lease amendments with landlords, having disclaimed 27 leases and vacated most of those and other expired locations; rent continues to be paid by Individual Opcos/franchisees on the Applicants' behalf.
- professional feesnote: Actual professional fees disbursed for the Reporting Period, compared to a $1.6 million budget; forecast for the extended 15-week period is $2.0 million · party: professional advisors (Applicants' and Monitor's counsel, etc.) · amount: 1000000 · period: January 25 to March 20, 2021 · currency: CAD
- report date22 March 2021
- report noSecond Report of the Monitor