A reminder from the court bid process documents. We should know the number of qualified bidders in the next 3 days if the information is available through documents or if RM can tell us. There are 2 weeks to find out how many qualified bidders actually submitted bids.
One good thing with CCAA, there is a time line and deadlines.
JJ
III. Key Dates and Deadlines
A. Participation Package Deadline — is January 13, 2012.
B. Qualified Bidder Determination Deadline —is the final date to be designated as
a Qualified Bidder and shall be no later than January 20, 2012.
C. Qualified Bidder Due Diligence Period — is the period, for each Qualified
Bidder, beginning on the date that the Company designates such Potential Bidder
as a Qualified Bidder and ending upon the Bid Deadline.
D. Bid Deadline — is February 1, 2012.
E. Successful Bidder Determination Deadline — date currently targeted is February
6, 2012.
F. CCAA Court Approval Deadline —date currently targeted is February 15, 2012.
G. Bankruptcy Court Approval Deadline — date currently targeted is February 21,
2012.
H. Loan Closing Deadline— date currently targeted is February 23, 2012.