Per MNP: New Solutions Financial Corporation et, al.

{Period 2 April 2012-10 April 2015}

Cash Receipts:

Loan repayments & sale of assets………………….$16,096,000.00

DIP Facility (loan to finance bankruptcy)…………….$2,950,000.00

Tax Refund (Pre-bankruptcy activities)………………….$889,000.00

Interest Income……………………………………………..$36,000.00

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Total……………………………………………………….$19,970,000.00

Cash Disbursements:

MNP & Various Attorneys Fees (?)………………………..$6,450,000.00

Advances to Subsidiaries (?)……………………………….$950,000.00

CRO Fees-Robert Thompson-So & Company (?)……….$724,000.00

Payroll & Related Payments (?)……………………………$580,000.00

Office Rent & Related Expenses (?)……………………….$235,000.00

Newspaper advertisements(?)………………………………..$12,000.00

Interest & Bank Fees (DIP included)………………………..$535,000.00

Repayment to DIP Lender………………………………….$3,063,000.00

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Total fees & CCAA/Bankruptcy Costs…………………..$12,549,000.00

Amount Disbursed to Creditors…………………………..$5,688,000.000

In looking at these numbers it is revealed that nearly twice the amount recovered on behalf of the damaged investors is spent in legal & administrative costs.

When victims have contacted the Monitor (MNP) for a breakdown of expenses and list of specific assets sold or recovered they are refused any answers, where is the accountability?

By all appearances the system operates on a “reload of fraud” creating Huge profits for those established to administrate it.