Crowe MacKay & Company was appointed as Receiver of Xeraflop Technologies Inc. also known as Xera One Technologies pursuant to an Order made by the Supreme Court on June 15, 2020. They were a start-up technology company that designed a platform to maximize the efficiency of advertising dollars through integration with sales and inventory which aimed to provide real-time analytics.
On April 21, 2022, the Receiver made an application to the Court to, among other things, approve and authorize a claims process order (the “Claims Process Order”) to adjudicate claims and allow for a fair and orderly distribution of funds. The Court approved the Claims Process Order on April 21, 2022. Below is a copy of the Claims Package which includes a copy of the Claims Process Order, Notice to Prove Claim and Proof of Claim.
In order to participate in any potential dividend distributions, any creditor having a claim against the Company must file a Proof of Claim in accordance with the Claims Process Order. Please note, you will need to submit a claim in the proper form if you had previously provided documentation in relation to your claim to the Receiver.
Claims must be received no later than 5:00PM PST on May 25, 2022.
If a creditor does not file a Proof of Claim along with supporting documents by May 25, 2022, that party will be forever barred from asserting or enforcing its claim and will not be entitled to receive any distributions.