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Homburg Invest says it has missed the deadline for filing Q3 financial report
By The Canadian Press | November 16, 2011
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HALIFAX - Homburg Invest Inc. (NYSE:HII) has missed the date for filing financial statements and related documents for the third quarter ended Sept. 30, the Halifax-based investment company announced Wednesday.
"The company is working diligently to finalize the required documents and will file them as soon as practicable," Homburg Invest said.
The company, which has been under court protection from its creditors since early September, is part of a group that was once controlled by Richard Homburg.
He said last month, after giving up his voting rights and control of Homburg Invest, that money owed to more than two dozen companies involved in the building of a Charlottetown hotel in Prince Edward Island will be paid.
At the time, eight had filed liens against either Dyne Holdings Ltd., Homburg Invest Inc., or both, for work they say they weren't paid for.
Among the company's other creditors is Island Investment Development Inc., which Homburg Invest owes $13.2 million.
Under the Companies' Creditors Arrangement Act, a business can continue to operate while the company works with a monitor under court supervision to develops a plan that will pay some or all of the money owed.