GREY:BLEVF - Post by User
Post by
Wallhallaon Jun 05, 2020 1:49pm
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Post# 31117455
SOME LOWLIGHTS
SOME LOWLIGHTSWorth reading the whole thing, but here are some notable items:
- Beleave has $200,000 cash and insufficient funds to last past this week
- Volero has issued notices of default and the relationship has come to an end
- Bill sold Hamilton property to a person JV ing with the Stalking Horse Purchaser
- Beleave has 30 full-time employees (including 14 employees who are on temporary lay-off).
- London property is in default and taxes are not current. Mortgage holder has issued notice to enforce its security
- CRA is owed $310,000 for excise duty.
- Director liability insurance has lapsed. Beleave is seeking a Directors’ Charge in the amount of $200,000 to indemnify their directors and officers for liabilities.
https://docs.grantthornton.ca/document-folder/viewer/docul8LWsxcWho7J/991265186124382322?_ga=2.134152141.2134209485.1591363744-797943589.1591363744