CEF/DIL: Monitor’s 38th Report – Update

In my prior post “CEF/DIL: Monitor’s 38th Report” I surmised that this report pertained to an upcoming court case.

I now believe that analysis is inaccurate because if you look at the report, it’s dated Nov 26, 2019. My guess is that this report was originally generated and submitted to the Court last fall / winter in order to seal the names of the creditors / depositors and the valuation attached to Sage. This confidential information would be needed by the parties to the CEF Representative Action need in order to pursue their side of the action.

This document also has the original Jan 23, 2015 Court order as an attachment, which is a little over a week after DP Schiemann falsely claimed a “sufficient cash flow shortage” and “perfect storm” caused the collapse of CEF.

Why wait 5 months to make this report public? Why include the original Court order as an attachment?

Hopefully we’ll find out shortly.

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