Ontario · Receivership (court-appointed)
Supplementary Affidavit affirmed June 1, 2026
Affidavit · 1 June 2026
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What we verified from this filing8 verified
- secured creditorsnote: Deemed-trust/priority-payable class claim; purported SRED tax credit reassessment liability accompanied by a CRA finding of gross negligence; amount approximate and unconfirmed (Consultant not provided supporting documentation or program account details); partially offset by an approximate $35,000 HST refund position and a further pending refund of $28,572.89 for the period ended April 30, 2026 · page: 18 · as of: 2026-05-20 · amount: 181000 · debtor: Media One Creative Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Exact balance per Affidavit of Patricia Lopes Monteiro filed in support of receivership application; CIBC demanded payment and issued NITES on March 9, 2026 (10-day period expired); guaranteed by Media One Group Holdings Inc., Media One Creative USA Inc., 130 QQE Holdings 2020 Inc. and Rider Enterprises Inc. (related-party guarantors) and personally guaranteed by Derek Rider (director/CEO); EDC guarantees 75% of TELP funds advanced by CIBC to Media One Creative · page: 19 · as of: 2026-05-12 · amount: 2515788.85 · debtor: Media One Creative Inc. · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: Assumed first-ranking charge over all present and after-acquired personal property of Media One Creative; revolving lines of credit and business credit-card facility under CIBC Credit Agreements dated December 6, 2023, as amended January 10, 2024
- secured creditorsnote: Two secured term loans - components not summed: first term loan principal balance $894,310.00; second term loan principal balance $170,100.00, both as of July 31, 2025 (per draft financial statement notes) · page: 19 · as of: 2025-07-31 · debtor: Media One Creative Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Second-ranking charge over present and after-acquired personal property, subordinate to CIBC
- secured creditorsnote: No outstanding balance stated in report; Consultant and BDC representatives advised anticipated realizations of Office Premises are insufficient to fully discharge BDC mortgage liabilities (negative equity assumed) · page: 19 · debtor: 130 QQE Holdings 2020 Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Two mortgage/charges over the Office Premises (130 Queens Quay East, Suites 1004 & 1006); registered charge of $4,500,000 (registered 2021-08-31, original registered principal, not a balance); unlimited guarantee by 130 QQE of Media One Creative's BDC indebtedness; two PPSA registrations against 130 QQE
- secured creditorsnote: Related party (parent company) - provided unlimited guarantee of Media One Creative's indebtedness under CIBC Credit Agreements · page: 20 · debtor: Media One Group Holdings Inc. · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: Blanket PPSA registration (per Ontario PPSR search dated February 4, 2026)
- secured creditorsnote: Related party (director's consulting company) - provided unlimited guarantee of Media One Creative's indebtedness under CIBC Credit Agreements; Consultant assumes CIBC's charge ranks second behind BDC · page: 21 · debtor: Rider Enterprises Inc. · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: Blanket PPSA registration (per Ontario PPSR search dated February 1, 2026)
- secured creditorsnote: Related party - provided unlimited guarantee to BDC in respect of BDC's term loans to Media One Creative · page: 21 · debtor: Rider Enterprises Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Blanket PPSA registration (per Ontario PPSR search dated February 1, 2026); Consultant assumes BDC's charge ranks first
- secured creditorsnote: Per Ontario PPSR search dated February 1, 2026 · page: 22 · debtor: Rider Enterprises Inc. · creditor: Honda Canada Finance Inc. · currency: CAD · security: PPSA equipment financiers (PMSI class) - first-ranking charge over a 2025 Honda Odyssey motor vehicle