Good job . Though it is just reinforcing the fact you now own nothing but a debt ridden insolvent empty Delaware shell. As the document plainly spells out to the court . No binding offers . Assets liquidated for chump change .
PROGRESS OF THE LIQUIDATION AND STAY EXTENSION
13. Pursuant to the SISP approved under the Amended and Restated Initial Order, the
Monitor, by June 1, 2018, solicited interest from prospective purchasers of and investors
i n the Petitioners' business. In response to the Monitor's requests for proposal, the
Monitor received several LOIs from Prospective Bidders by the SISP's deadline of
June 29, 2018 at 5:00 p.m. Montreal time. Qualified Bidders then conducted due
diligence, and were required submit Binding Offers (as defined in the SISP) on or before
July 27, 2018, at 5:00 p.m. Montreal time.
14. Unfortunately, no Qualified Bidder submitted a Binding Offer by the SISP's deadline.
15. Since no Binding Offer was received, on July 31, 2018, this Court, in the Third Amended
and Restated Initial Order, authorized the Monitor to take the steps necessary to
liquidate the Petitioners' business.
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