I’m mobile so I can’t post it directly but people need to avert their eyes to number 34 of the report.
34. Based on its consultations to date, the Monitor is of the view that additional time is required to complete the selection of a successful bid or bids in the liquidation process. From its review to date, some of the bids received are or could become Qualified Bids, and ultimately Retained Bids. The Monitor has requested further information and clarification from some of the bidders in order to properly evaluate the economic terms of those bids. Additional consultation with the Company and its secured creditors is also required in order to consider the financial implications of the bids, and to address certain of the terms and conditions sought by some of the bidders. It is anticipated that these discussions will conclude in the week of August 31, 2018. As such, it is not likely that a transaction or transactions will be able to be closed in line with the timing in the original Call for bids, but it is expected that this could be completed soon afterward.
Remember Canada doesn’t celebrate Labor Day, we could have the mother of PRs next week.
