I had stated it already in another comment here that the court documents are publically available.
After doing some more research I have identified a path how the court documents can be made available to all if some of us take action and even be willing to pay a small fee.
So let me know if you are interested and if you are willing to participate:
React to this post with a heart if you are interested in receiving the court files.
React with a thumbs up if you would be willing to take action and eventually pay a (small) fee via credit card so that these can be made available to the community. For that a credit card would be required that gets successfully verified.
Let’s gather the numbers and who is willing and see then how we can proceed.
If we join forces on this, we could prevent the community from paying multiple times for the same information even if it’s low fee only.
Additionally: If you have already a PACER account or know somebody who has and would be willing to help out to make the court files availble, that would be terrific and would make things much easier. Please react with a clap in this case.
For the time being I have chosen to upload the file to a file sharing that deletes it in 7 days because of the search engines. It is probably not required as the files will become publically available anyways at some point. Let’s see the reactions to this thread if more can or shall be posted and/or with permanent links.
It’s interesting their largest creditor is Inveniam… but the second largest is the “US Department of the Treasury”. Would that be unpaid federal taxes? Georgia Department of Revenue is on there too - maybe State taxes?
As discussed with @littleskunk and @jammerdan, several important questions remain regarding the treatment of SNO payouts in the filed 12-week operating budget:
Does the $390,854 listed as “Cost of Goods Sold” consist mainly or entirely of SNO payouts?
Is the $191,000 payment scheduled for August 24–25 intended to cover the complete July SNO payout?
What periods and obligations are included in the separately disclosed $296,316.79 prepetition “SNO liability”?
What exact payout-rate reduction, expansion-factor reduction, or combination of measures is already assumed in the budget?
How much does the assumed reduction save during the 12-week budget period?
What financing or transaction plan is expected to support operations after October 25, when the filed budget ends with only $8,875 remaining?
The folder contains the original public court filings, including the DIP financing motion, CRO declaration, DIP credit agreement, 12-week cash-flow budget and proposed interim order.
Please note that Docket 15 is a proposed order filed by Storj’s counsel, not necessarily the final order entered by the court after the hearing.
That is a non-profit that makes court documents from the official US cour electronic records service (PACER) available for free. Users who have a PACER account can directly upload files there that other users have requested. If you follow the link you can see how it works.
2 things can be done:
Help requesting the files we are interesting in, so users with PACER account make them available
Create a PACER account and make them available there by uploading them to their site. PACER is free up to $30 usage per quarter. PACER: Login
So no seperate linksharing would be required and anybody potentially can access the official documents.
Docket 21 appears to be a revised proposed interim order submitted after the August 4 hearing.
The requested financing terms remain unchanged: $388,000 in total, with only $100,000 authorised at the interim stage and the remaining $288,000 subject to a later final order.
One meaningful change is that professional fees are now expressly subject to normal fee applications, review by the U.S. Trustee and approval by the court. The earlier proposed order would have allowed broader payment of professional fees without the usual approval process.
However, Docket 21 is still only a proposed order prepared by Storj’s counsel. It is not yet the signed and entered order of the court.
Docket 26 is the signed interim DIP order. It authorizes an initial $100,000 immediately or shortly after entry of the order, while the remaining $288,000 will only become available after the final order.
The $100,000 is not Storj’s entire available liquidity. According to the submitted budget, Storj expects approximately $302,331 in customer receipts through August 25. The DIP advance is therefore an additional liquidity bridge covering part of the cash-flow deficit, rather than funding all operating expenses by itself.
The largest scheduled payment immediately before the final hearing is $191,000 in Cost of Goods Sold on August 24–25. It is plausible that this includes the monthly SNO payouts and that the initial $100,000 is intended to top up customer receipts so these payments can be made. However, neither the order nor the budget explicitly identifies this amount as SNO payouts.
Relevant points in the Docket 24 hearing audio:
Around 12:35–13:10, Storj’s counsel appears to state that the company has approximately $4 million in secured debt and $9 million in unsecured debt.
Around 38:45–39:20, the judge specifically asks whether Storj is requesting only $100,000 on an interim basis. Storj’s counsel confirms this. The amount was therefore not reduced to $100,000 by the judge.
Around 43:25–44:10, the judge discusses the urgent need for liquidity, including payroll and continued operations, and approves the interim financing. The final hearing is scheduled for August 25.
The documents do not provide an exact payment date for the first advance. Docket 26 only states that the $100,000 should be provided “immediately or soon after entry” of the order, which was entered on August 5. There is no confirmation yet that Storj has actually received the money.
if you are interested in receiving the court files.
if you would be willing to take action and eventually pay a (small) fee via credit card so that these can be made available to the community. For that a credit card would be required that gets successfully verified.
in this case.