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P.E.I wind turbine-maker gets court reprieve to get fiscal house in order
Another victory in the courts for Entegrity Wind System has given the Charlottetown wind turbine-maker another 45 days to get its fiscal house in order.
Entegrity went before Supreme Court Justice Wayne Cheverie asking that he allow the company a 45-day extension so it can work with its trustee, Pricewaterhousecoopers, to develop a plan to get the financially troubled company back on its feet.
August 20, 2009
in Canadian Press
CHARLOTTETOWN - Another victory in the courts for Entegrity Wind System has given the Charlottetown wind turbine-maker another 45 days to get its fiscal house in order.
Entegrity went before Supreme Court Justice Wayne Cheverie asking that he allow the company a 45-day extension so it can work with its trustee, Pricewaterhousecoopers, to develop a plan to get the financially troubled company back on its feet.
The company now has until Sept. 28 to come up with a plan to pay its bills, including more than $3 million to its bank, Toronto-based Mercantile Finance.
If had denied the extension, the... [continue via Web link]
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