Replies to post #628 on Wayland Group (MRRCF)

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Status of File as of February 10, 2020
On February 10, 2020, the Monitor filed its Fourth Report (the “Fourth Report”) with the Court to provide the Court with information concerning:

The activities of the Companies and the Monitor since the Third Report;
The Monitor's views on Wayland’s request for approval of the sale of the Wayland's shares of Colmed to the Colmed Buyers (the “Colmed Transaction”);
The Monitor's views on the Termination Agreement and the Conveyance Agreement;
Amendments made to the Amended DIP Commitment Letter (the “First Amendment to the Amended DIP Commitment Letter”);
An update in respect of the SISP;
Wayland’s actual cash flows for the seven-week period from the week ending December 20, 2019 through to the week ending January 31, 2020, as compared to the Full Case Projection; and
Approval of the Monitor's previous reports and the Monitor's and its legal counsel's professional fees and disbursements up to and including January 26, 2020.
The motion will be heard on February 12, 2020.