Alberta · CCAA
3. Third Report of the Monitor
Court officer report · 26 January 2009
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 filing5 verified
- cash on handnote: Ending cash per budget-to-actual table; text states 'the ending cash balance as at January 16, 2009 was approximately $4.5 million'. Substantially lower than the projected ~$14.0 million largely due to Reserved Funds placed in escrow ($13,275,482). · as at: 2009-01-16 · amount: 4477221 · currency: CAD · qualifier: approximately $4.5 million
- operational summaryConstruction of Phase I of the Dokie I Project has ceased (five turbines erected, three in storage) and the project is in maintenance mode, while EarthFirst is cash constrained, has largely discontinued funding of its other wind projects, and is pursuing sales of the Dokie I Project and of the turbines.
- professional feesnote: Actual CCAA professional fees for the Reporting Period vs. $718,459 forecast in the Second Report. Separately, selling agent fees of $258,801 were paid in the same period. Table does not state whether amounts exclude GST. · party: CCAA professional fees (aggregate, not broken out by professional) · amount: 671869 · period: November 29, 2008 to January 16, 2009 · currency: CAD
- report date26 January 2009
- report noThird Report