I have contacted Rob Kleebaum from FTI Consulting and here is what he had to say about the process.
“As Receiver, FTI Consulting is working to complete a sales process to sell all of the assets of Eagle Energy. Once we have realized on all of the assets we will distribute the funds to the creditors starting with the secured creditor.
At this time we are just beginning the sales process and do not have a solid indicate of the value that will be paid for these assets. If the recoveries exceed the secured and unsecured debt then the remaining funds will be distributed to the shareholders.
We are seeking court approval for the sales process on February 20 and expect the sales process to run through the end of April. At that time we will know for certain the recoveries for all creditor classes.
There will be publications regarding the sales process once it kicks off.
If there are funds for shareholders a claims process will occur where we will reach out to determine claims.”
If you wish to contact him he usually replies within a few days.
Best of luck.
robert.kleebaum@fticonsulting.com
Rob Kleebaum
+1.403.454.6035 O | +1.587.999.5516 C