Any secured or unsecured creditor has to prove his claim regardless - it is not sufficient to simply have a PPSA in place. A PPSA registration is only to notify other parties that certain assets of the company have been pledged to the Registrant.
Unless I have misread the MNP NOI filing, they have grouped all creditors (secured and unsecured) together, to come up with a total debt of $15,642,000, so SFI would need a little over $10,433,000 from voting creditors to achieve the required threshold of 66.7%. With Ernie & Linda Schroeder claiming $5,000,000, 4938527 and 5021308 Manitoba (possible SFI connected) claiming almost $1,300,000, and TD Bank at over $5,000,000, they would still need around 275 votes in favour of whatever the proposal comes out at.
Can anyone confirm the relationship between Ernie & Linda Schroeder and Robert Schroeder? Also, what does anyone know about Carlin Thiessen. It appears that he had a very senior role with SFI until October/November of 2016; namely, President. It appears that prior to joining SFI in October 2013, he ran Flying Eagle Transport.
Carlin was co- CEO and he left in Sept, I was never told why so I cant comment