RE:RE:RE:Notice of Meeting of Creditors and Statement of ClaimWillwinbig, in all likeliness, yeah.
As usual, here's my translation of the assets list since it's only in French:
Inventory: 0.00
Facilities: 0.00
Accounts receivable and other receivables:
Good: 9,907.86
Doubtful: 24,659.30
Bad: 0.00
Estimate of receivables that can be obtained: 9,907.86
Bills of exchange, promissory notes, etc: 0.00
Bank deposits: 59,233.00
Cash: 0.00
Livestock: 0.00 (that's surprising considering all the bullshit they've been feeding us)
Machines, tools and installations: 3,000.00
Real property and immovables: 0.00
Furniture: 0.00
RRSP, RIFF, life insurance, etc: 0.00
Securities (shares, bonds, debentures, etc): 0.00
Rights under wills: 0.00
Vehicles: 0.00
Other goods - see list H (which is not included): 46,853.00
If the bankrupt is a corporation, please add
Subscribed capital: 0.00
Principal paid: 0.00
Subscribed and unpaid balance: 0.00
Estimate of the balance that can be achieved: 0.00
Total assets: 118,993.86
Deficit: 1,380,099.18
If there are any patents left, I'm guessing they would be included under "other goods" - unfortunately we don't have access to the "list H" in question. However, just by the amount you can easily guess that there isn't much in there.
There's something I don't get, perhaps someone can explain... At the top of the left, there's something that says this is the state of SIO's business as of December 23, 2015. However, the debt is much higher than what was reported back then ($1.5M VS $800k) and there is no mention of the approx. $300k that was obtained from the patents sale. Maybe I got this wrong and this is actually the state of affairs as of last Friday, but then wouldn't that mean that SIO managed to burn a million more bucks it didn't have in 4 months?!? $800K debt - $300k patent sale + $1M debt = $1,5M debt?