This has been circulating on my FB feed:
https://docs.wixstatic.com/ugd/2ff03...c31ff5f33d.pdf
American Express - $4,536,211.66
Bank of Nova Scotia - $3,746,750.00
Bank of Montreal - $18,340.31
CIBC - $354,057.83
RBC - $132,501.28
Distributors:
ASI - $2,790,992.61
D&H - $54,625.70 (Officially wins award as smartest of the Canadian distributors)
Ingram Micro - $3,699,861.76
Synnex - $7,524,536.40
Tech Data - $660,913.47
Tenva (Avnet) - $969,429.10
Vendors duped by consignment
Be Quiet - $57,414.95
EVGA - $369,332.35
Pulselabz - $5,724.80
Shimono - $11,224.50
Individual vendors - Many vendor names not here indicating how many had cut them off.
A-data - $290,763.13
Corsair - $1,101,671.48
Fractal Designs - $221,565.95
Gigabyte - $760,224.85
GSkill - $193,435.15
The boss man himself is reportedly also out $7M as shareholder loan. The grand total of this outstanding debt is ~$35M, including the $7M that the boss man coughed up himself.
The part that struck me as most ironic is the following line:
Quote:
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Our expectation is to emerge from this process as a strong, sustainable business
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Does this mean NCIX is only looking to restructure their debt, and aims to relaunch their business again? With their physical storefronts all gone, that seems to be a rather difficult goal to shoot for.