Case 08-45257

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 1 of 24

Desc Main

UNITED STATES BANKRUPTCY COURT
DISTRICT OF MINNESOTA
ln re:

Case

No.:

08-45257

Chapter I I

Petters Company, Inc.

Debtor

MONTHLY OPERATING REPORT (AMENDED)

SUMMARY OF FINANCIAL STATUS
Month

I

Ended: October-I3

Filing Date;

l0/r l/2008

Debtor in possession (or trustee) hereby submits this Summary of Financial Status. Dollars reported in $L

2 Asset

End
Cunent

Structure

a Current Assets (Market Value)
b Total Assets (Market Value)

c

d

Current Liabilities

Total Liabilities

3 Statement of Cash Receipts

a
b

c

d
e

&

Disbursements for Month

Total Receipts
Total Disbursements
Excess (Deficiency) of Receipts Over Disbursements (a-b)
Cash Balance Beginning of Month
Cash Balance End of Month (c+d)

4 Profìt/(Loss) from the Statement of Operations
5 Account Receivables (Pre and Post Petition)
6 Post-Petition Liabilities
7 Past Due Post-Petition Account Payables (over 30 days)

of
Month

$3 64.270.720
sr,216,930,538
$455,402,380
s492,673,172

Current
Month
$92,069
s124,215

End of
Prior Month
s364,197,911
$l,2 16.857.730
$455,402,380
3.172

s487,t22,604

$68,308

(Case to Date)
196

sl,061,122

$25,83 5,91 7

l4

t4.279

-s992,8

924,943,0ss
$24,910,910
Current
Month
$72,809
$331,691,320

Cumulative

Prior
Month
-$ I

(Case to Date)

,105,608

s14,453,859

$33 I,688,060

52'602
s2'602

52'602
s2'602
Yes

8 Have any payments been made on pre-petition debt, other than payments in the normal
course to secured creditors or lessors? (ifyes, attach listing including date ofpayment,
9 Have any payments been made to professionals? (ifyes, attach listing including date of
payment, amount ofpayment and name ofpayee)
answer is yes to 8 or 9, were all such payments approved by the court?

No

X

amount ofpayment and name ofpayee)

'I

$1, 196,926,112

Cumulative

Prior
Month

-$32,146

At the end of this reporting month:

l0 Ifthe

As of
Petition Filing

X
X

Have any payments been made to officers, insiders, shareholders, relatives? (if yes, attach
listing including date of payment, amount and reason for payment, and name of payee)

I

X

l2

X

fs the estate insured for replacement cost ofassets and fbr general liability?

l3 Are a plan

X

and disclosure statement on file?

l4 Was there any post-petition borrowing during this reporting period?
l5 Checkifpaid: post-petitiontaxes_X_; U.S.TrusteeQuarterlyFees-X-;Checkiffilingiscurrentfor:

X
Post-petitiontaxrepoftingand

tax returns: _X_. (Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax
reporting and tax return filings are not current.)

question.
The above summary and attached pages are based on Debtor's books and records, the completeness, validity and accuracy ofwhich is in
related
during
the
uncovered
information
Based
on
good
faith
estimate.
a
and
represents
sources
from
various
is
This information compiled
may
federal fraud investigation, the market value ofall assets, and the likelihood receivables will be collected, has been called into question and
(if
and
after
applicable),
summary and attached
penalty ofperjury that I have
ultimately be zero,
ieve these documents are correct.
making reasonable
Date

e¿dual

DOCS-#27955 34-v6l -Petters-Monthly-Operating-Report-PCl XLS (Summary Page)

Case 08-45257
4:01 PM

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Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 2 of 24
PETTERS COMPANY, INC.

Desc Main

Balance Sheet

11t14t13

As ofOctobel31,2013

Accrual Basis

Sep 30,13

Oct 31, 13

$ Change

ASSETS

Current Assets
Checking/Savings
US BANK CLAWBACK PROCEEDS
US Bank Operating Account

Total Checking/Savings

24,138,855.17
760,954.54

24,055,886.00
774,375.04

-13,420 50

24,899,809.71

24,830,261.04

69,548.67

28,235,010.75
146,853,176.40
21,934.62

28,235,010.75
't46,853,176.40

0.00
0.00
0.00

82,969.1 7

Other Current Assets
AR-Metro Gem FF
AR-Metro Gem lnc.
Employee Receivables
lntercompay Receivables
I/C AR-FAC
UC AR.FDM
l/C AR-Petters Consumer Brands
l/C AR-Petters Group LLC
l/C AR Broadsign
l/C AR Polaroid Gorporation
l/C AR- Sun Country Airlines
l/C AR-Aaron Chang lntl LLC
l/C AR-O'Shaughnessy Holding
UC AR-Petters Capital LLC
l/C AR-Petters Media Marketing
UC AR-TMI
I/C AR.TPI
l/C AR-YFly
l/C AR - Zink lmaging
l/C AR Petters Hospitality
l/C AR Pol Hospitality
l/C AR Polaroid Consumer Electr
l/C AR SPEs

Total lntercom pay Receivables
lnventory
Notes Receivable Current
lC Notes Rec-Edge One LLC
lG Notes Rec-P Gapital
lC Notes Rec-P Finance
lC Notes Rec-Petters I
lC Notes Rec-Petters Ltd.
lC Notes Rec.- PAC Funding

Total Notes Receivable Current
Other Receivables
Total Other Gurrent Assets

220.00
5,600.83
4,573.80
I ,640.13
172,109.',t1

219.17
268.15
-2,764.32
15,293.73
2,190.22

21,934.62
0.00
5,600.83
4,573.80
1 ,640.13
172,109.11
219.17

268.1 5

-2,764.32
15,293.73
2,190.22

483.50

483 50

58,206.88
6,641.09
437.30
44,098.54
12,374.98
11.60
394.53
59,81 1.50

58,206.88
6,641 09
437.30
44,098.54
12,374.98
11.60
394.53
56,771.50

220.00

000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
3,040 00

381,810.74

378,550.74

3,260.00

7,679,590.00

7,679,590.00

0.00

30,1 80,1 1 5.70

30,1 80,1 1 5.70

0.00

82,319,598.43
-1,436.22
11,082,864.19
5,211,889.15
25,853,849.20

82,319,598.43
-1,436.22
11,082,864.19
5,211,889.15
25,853,849.20

000
000
000
0.00

000
000

154,646,880.45

154,646,880.45

1,552,507.22

1,552,507.22

000

339,367,650.18

3,260.00

339,370,910.18

Page

1

Case 08-45257
4:01 PM

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Document
Page 3 of 24
PETTERS COMPANY, INC.

Desc Main

Balance Sheet

1'U14t13

As of October 31,2013

Accrual Basis

Sep 30,13

Oct 31, 13

Total CurrentAssets

364,270,719.89

$ Ghange
364,197,911.22

72,808 67

Fixed Assets

Equipment
Equipment- Accumulated Deprec
Total Fixed Assets
Other Assets
lG Notes Receivable
UC NR-P AVIATION LEASING
I/C NR- PWD
I/C NR-FAC
l/C NR-P Capital LLC
l/C NR-P Capital tax adj
UC NR-P Fashion Group
I/C NR-PCB
UC NR-PCLLC
l/C NR-Petters VB, LLC
I/C NR.PGLLC
l/C NR-Spri ngworks-Symorphics
l/C NRSpringworks-WC
I/C NR-TPI
UC NR - Gentr Amer Hldg LLC
l/C NR P Aviation
lC NR-Trio Marketing

Total lC Notes Receivable
lC Notes Receivable-l nterest
l/C NR lnt-P Capital LLC
l/C N R lnt-Springworks-Symorphi
l/C NR lnt.-Springworks-WC
l/C NR lnterest-FAC
l/C NR lnterest-FDM
l/G NR lnterest-P Fashion Group
l/C NR lnterest-PCB
l/C NR lnterest-PCLLC
l/C NR lnterest-PcLLC
lC NR lnterest-Central Am Hold
lC NR lnterest-Trio Mkt.

Total lC Notes Receivable-lnterest
lnvestment
Entrepreneur's Place,
Ethanol Plant
ZINK

Total lnvestment

7,656.73

7,656.73

-4,1 89.00

-4,1 89.00

0.00
0.00

3,467.73

3,467 73

0.00

534,024.17
709,606.95
4,524,194.81
80,792,536.38
10,037,016.00
'17,822,884.12
8,982,645.00
23,449,816.09

't0,468,819.04

15,823,899.23
21,403,796.00
24,517,569.87
24,713,559.11
'15,390,000.00
1,947,944.72
479,792.76
261 ,598,104.25
'18,975,629.31

20,533,374.96
13,327,185.27
15,377,477.28
96,250 00
8,1 15,086.04
1,982,395.27
27,801 ,483.52
-67,320,778.01
658,248.80
178,423.90
39,724,776.34
250,000.00
250,000.00
23,062,000.00
23,562,000.00

534,024.17
709,606.95
4,524,194.81
80,792,536.38
10,037,016.00
17,822,884.12
8,982,645.00
23,449,816.09
10,468,819.04
'15,823,899.23
21,403,796.00
24,517,569.87
24,713,559.11
15,390,000.00
't,947,944.72
479,792.76

0.00
0.00
0.00

000
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

261 ,598,1 04 25

18,975,629.31
20,533,374.96
13,327,185.27
15,377,477.28
96,250.00
8,I I 5,086.04
1,982,395.27
27,801,483.52
-67,320,778.01
658,248.80
178,423.90

0.00
0.00
0.00
0.00

000
000
000
000
000
000
000
0,00
0.00

39,724,776.34
250,000.00
250,000.00
23,062,000.00
23,562,000.00

0.00
0.00
0.00
0.00

Page 2

Case 08-45257

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Document
Page 4 of 24
PETTERS COMPANY, INC.

4:01 PM

Desc Main

Balance Sheet

,t1t14t13

As of October 31, 2013

Accrual Basis

l3

Oct 31,

Sep 30,

l3

$ Change

lnvestment in Subsidiaries
1000 Lakes
Central Am Holding
FDM-FAC Stock
Fingerhut Direct Mktg.
P Capital LLC

Total lnvestment in Subsidiaries
Notes Receivable
Note Receivable-BlS Sales
NR lnterest BLS
Note Receivable-BLS Sales - Other

Total Note Receivable-BlS Sales
Note Receivable-Tom Petters
NR.TJP/PCB

Polaroid
lnterest Rec. Polaroid
Polaroid - Other
Total Polaroid
Rainmaker
Savage Enterprises

Turpin NR

0.00
0.00
0.00

172,860,420.46
55,000.00
24,000,000 00
11,604,062.99
200,000,000.00

172,860,420.46
55,000.00
24,000,000.00
11,604,062.99
200,000,000.00

000
000

0 00

99,574.55
1,788,764.79

99,574.55
1,788,764.79

0.00

408,5.19,483.45

408,519,483.45

0

1,888,339.34

1,888,339.34

000

65,176,733.37
10,000,000.00

65,1 76,733.37

0.00

10,000,000 00

000
0.00

7,551,780.81
20,000,000.00

7,551,780.81
20,000,000.00

000

27,55',t,780.81

27,551 ,780.81

0.00

85,000.00
495,000.00
70,000.00

85,000.00
495,000.00
70,000.00

0.00
0.00
0.00

Zink
lnterest Rec.-Zink
Zink - Other
Total Zink
Total Notes Receivable
Total OtherAssets
TOTAL ASSETS

0.00
0.00

1,425,728.19
12,559,404.92

1,425,728.19
12,559,404.92
13,985,133.1

1

0.00

13,98s,133.11
119,251,986.63

0.00

852,656,350.67

852,656,350.67

0.00

1,216,930,538.29

1,216,857,729.62

72,808.67

423,612.08

423,612.08

000

423,612.08

423,612.08

0.00

862,797,152.01
-759,926,941.80
93,235.00
18,968,380.62

J52

-759,926,941 .80
93,235.00
18,968,380.62

0.00
0.00

1

19,25'1 ,986.63

LIABILITIES & EQUITY

Liabilities
Current Liabilities
Accounts Payable
Accounts Payable
Total Accounts Payable
Other Current Liabilities
Deferred lncome
Deferred lncome Adjustments
Due to Central America Holdings
Due to PC Funding

862,797

01

000
000
Page 3

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Document
Page 5 of 24
PETTERS COMPANY, INC.

Desc Main

Balance Sheet

11n4t13
Accrual Basis

As of October 31, 2013
Oct 31,

Due to PGE
Notes Payable Current
Notes Payable-Apriven
Notes Payable-lnterlachen
Notes Payable-P Capital LLC
Notes Payable-Ritchie
Notes Payable-MGl
Notes Payable-Mcl FF

Total Notes Payable Current

l3

Sep 30,13

$ Change

5,500,000.00

5,500,000.00

0.00

41,500,000.00
60,000,000.00
'1,000,000.00

41,500,000.00
60,000,000.00

0.00

r,000,000.00

0.00

31,000,000.00
130,330,000.00
27,620,000.00

31,000,000.00
130,330,000.00
27,620,000.00

000

291,450,000.00

000
0.00
0.00
0.00

291 ,450,000.00

Notes Payable lnterest

lnterest
lnterest
lnterest
lnterest
lnterest
lnterest

Payable-Apriven
Payable-lnterlachen
Payable-P Capital LLC
Payable-Ritchie Capit
Payable-MGl
Payable-MGl FF

Total Notes Payable lnterest
Total Other Current Liabilities
Total Current Liabilities

1,631,833.33
11,540,983.61
42,074.48
11,576,721.31
9,4'13,763.33
1,891,566.11

1,631,833.33
11,540,983.61
42,074.48
11,576,721 .31

9,413,763.33
1,891,566.'11

0.00
0.00
0.00
0.00
0.00
0.00

36,096,942.17

36,096,942.17

0.00

454,978,768.00

454,978,768.00

0.00

455,402,380.08

455,402,380 08

0.00

Long Term Liabilities
Notes Payable
Notes Payable Other
Notes Payable Other lnterest

Total Notes Payable
Private lnvestor Notes
Private lnvestorlnterest
Private I nvestor-Principal

10,075,000.00
294,508.1 9
r

0,369,508.19

751,283.33
26,1 50,000.00

10,075,000.00
294.508.'19

000
000

10,369,508.19
751,283.33
26,150,000.00

0.00
0.00

000

26,901,283.33

26,901,283.33

0.00

37,270,791 .52

37,270,791 .52

0.00

Total Liabilities

492,673,171.60

492,673,',171.60

0.00

Equity
Capital Stock
Dividends Paid
Retained Earnings
Retained Earnings 2003
Retained Earnings PC Fund 2002
Net lncome

15,605,000.00
1 ,018,879.92
606,037,811.35
65,273,683.97
46,143,659.89

15,605,000 00
I ,0'18,879.92
606,037,811.35
65,273,683.97
46,143,659.89

0 00

2,216,09',1.40

2,'t43,282.73

72 808 67

Total Equity

724,257,366.69

Total Private lnvestor Notes
Total Long Term Liabilities

-1

-1

724,184,558.02

00
0 00
0 00
0 00

72,808.67
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Case 08-45257
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Page 6 of 24
PETTERS COMPANY, INC.

Balance Sheet

,t1t,t4l1l

As of October 31, 2013

Accrual Basis

& EQUITY

$ Change

Sep 30, 13

Oct 3l , 13
TOTAL

Desc Main

1,216,930,538.29

1,216,857,729.62

72,808.67

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PETTERS COMPANY, INC.

4:02 PM

Desc Main

Profit & Loss

111141'13

October 2013

Accrual Basis

Oct 13
Ordinary lncome/Expense
Expense
Bank Service Charges

F¡ling Fees
Professional Fees
Legal Fees

Total Professional Fees

75 50
6,500.00
10,685.00
10,685.00

Salaries and BenefiG

Bonuses
Total Salaries and Benefits
Travel & Ent
Travel
Total Travel & Ent

Total Expense
Net Ordinary lncome

-3,783.41
-3,783.41

2,000.00
2,000.00
15,477.09
-15,477.09

Other lncome/Expense

Other lncome
lnterest lncome

1,023.26

Total Other lncome

1,023.26

Other Expense
Other Expenses
lnterest Exp-MGl

Total Other Expenses
Total Other Expense
Net Other lncome
Net lncome

-87,262.50
-87,262.50
-87,262.50
88,285.76
72,808.67

Page

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PETTERS COMPANY, INC.

Profit & Loss

11t14t13

Accrual Basis

Desc Main

October'12, 2008 through October 31, 2013
Qcl 12,'08 - Oct

31

, 13

Ordinary lncome/Expense
Expense

Amortization Expense

000

Bank Service Charges

8,222.46

Contributions
Filing Fees
lnsurance
Liability lnsurance
lnsurance - Other
Total lnsurance
Payrol I Service Expense-ADP

Postage and Delivery

Printing and Reproduction
Professional Fees
Accounting
Consulting
Legal Fees

Other
Total Professional Fees
Rent
Salaries and Benefits

Benefits
Bonuses
Payroll Taxes
Salaries and wages

-1 ,727,341 .26

61,815.00
-135,830.76
-30,155.27
-165,986.03
4,144.80
188.63
33,394.24
6,469,751 .91
651,806.61
6,616,434.28
455,204.43
14,193,197.23
18,378.78
6,037.52
-3,663,207.81
2'1,086.55
262,500.84

Total Salaries and Benefits

-3,373,582.90

Supplies
Office

162.85

Total Supplies

'162.85

Telephone
Travel & Ent
Travel

983.1 0

Total Travel & Ent

Total Expense
Net Ordinary lncome

Other lncome/Expense
Other lncome
lnterest BLS

lnterest lncome
Other lncome

-4,587.47
-4,587.47
9,048,989.43
-9,048,989.43

127,017.55
11,840.76

Page

1

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Document
Page 9 of 24
PETTERS COMPANY, INC.

Desc Main

Profit & Loss

.i.i114113

October 12,2008 through October 31,2013

Accrual Basis

Oct 12, '08 - Oct 31, 13
Clawback Proceeds
Other lncome - Other

21,510,745.28
23,313.12

Total Other lncome

21,534,058.40

Total Other lncome

21,672,916.71

Other Expense
Other Expenses

lnterest
lnterest
lnterest
lnterest
lnterest

Exp-Private I nvestors
Exp-MGl
Exp.-MGl FF
Exp. Other NP
Expense Lancer

Total Other Expenses

Total Other Expense
Net Other lncome
Net lncome

-129,512.50
-329,475.00
-305,500.00
-1

,062,185.00
-3,258.90
-'1

,829,931.40

-r,829,931.40
23,502,848.11
14,453,858.68

Page 2

Case 08-45257

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Page 10 of 24

Desc Main

Case Name: Petters Company, lnc
Case Number: O8-45257
CASH RECEIPTS AND DISBURSEMENTS (Calendar Quarter)

Month 1
of uarter
1

2
3

4
5

6
7
8

I
9a
10
11

11a
12
13
14
15
16
17
18
19

20
21

22
23
24
25
26
27
28

29
30
30a
31

32
33
34
35
36
37
38

n ng

RECEIPTS FROM OPERATIONS
Cash Sales
Less: Cash Refunds
Net Cash Sales
COLLECTIONS OF ACCTS. REC.
Pre-Petition
Post-Petition
Other:
Total Operating Receipts (lines 4+5+6+7)
NON-OPERATING RECEIPTS
Loans/Advances
lnterest on Deposit Accounts
Sale of Assets
Other: Clawback Proceeds
Other: Bank Fees
Total Non-Operating Receipts (lines 9+10+11)
Total Receipts (lines 8+12)
Total Cash Available (lines 13+1)
OPERATING DISBURSEMENTS
Net Payroll
Payroll Taxes-Paid
Sales, Use & Other Taxes Paid
Consulting Fees
Secured/Rental/Leases
Employee Benefits
Utilities
lnsurance
lnventory Purchases
Vehicle Expense
Travel
Entertainment
Repairs & Maintenance
Supplies
Advertising
Other: Bank Service Charge
Other: Registered Agent Fees
Total Operating Disbursements
REORGAN IZATION EXPENSES
Professional Fees
U.S. Trustee Quarterly Fees
Other: Litigation Expenses
Other: Mediation Expenses
Total Reorganization Expenses
Total Disbursements (lines 31+36)
Cash - End of Month

DOCS-#27955 84-vó I -Petters_Monthly_Opcrating_Repoú-PCLXLS

$

Month 2
of Quarter

24,943,055.41

Month 3
of Quarter
$

Quarter
Total
$ 24.943.055.41

$

$

$

$
$

$
$

$
$

$
$

$

$

$

$

$
$

$
$

$
$
$

$
$
$

$

$

$

$

$

$
$
$

$
$
$
$

1,O23.26

91,045.91

$ e2,069.17
$ 92,069.17
$ 25,035,124.58

$
$

$
$
$
$
$
$
$

$
$
$

$
$
$
$
$
$

$
$
$
$
$
$
$

$
$
$
$
$
$
$

75.50
660.00
735.50

$

112,794.37

$

$

5,350.00
$
5,335.00
$
fi 123,479.37
g 124,214.87
$ 24,910,909.71

$
$
$
$
$
$

$
$
$
$
$
$
$
$

$
$
$
$
$

$

$

$
$
$
$
$
$

$

(Cash Receipts and Disbur sements)

$
$
$
$

$
$
$

91,045.91

92,069.17
92,069.17
$ 25,035,124.58
$

$
$

$
$
$
$
$

$
$

$
$
$
$
$
$

$
$

75.50
660.00
735.50

$

112,794.37

$

$

5,350.00
5,335.00
123,479.37
124,214.87
$
$ 24,910,909.71
$

$

1,023.26

$
$

Case 08-45257
Case Name:
Case Number:

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 11 of 24

Desc Main

Petters Company, lnc.
0B-45257

ITEMIZATION OF CASH RECEIPTS
Date
Received

Amount

on

101712013
1011612013

Various
Various

10t2812013

Various

Recoveries on Avoidance Claims
Recoveries on Avoidance Claims
Recoveries on Avoidance Claims

10t31t2013

US Bank

lnterest

TOTAL

$
$
$
$

$

44,912.50
3,683.41

42,450.00
1,023.26

92,069.17

CHECKS RECEIVED BUT NOT DEPOSITED
Date
lssued

Total

DOCS-#2795584-v6l-Petters_Monthly_Operating_Report-PCI.XLS

Amount

Descri

P

(ltemization of Cash Receipts)

$

92,

Case 08-45257

Doc 2141

4:03 PM

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 12 of 24
PETTERS COMPANY, INC.

Desc Main

Deposit Detail

111'l4l,l3

October 2013
Type

Deposit

Num

Name

Date

Amount

Account
US BANK CLAWB...

10t7t2013
METRO GEM, INC.
METRO GEM, INC.
METRO GEM, INC.
EMPLOYEE CI.AW...

44,912.50
-7,000.00
-37,500.00
-312.50
-100.00

lnterest Exp-MGl
lnterest Exp-MGl
lnterest Exp-MGl
Bonuses

44,912.50

TOTAL

Deposit

US BANK CLAWB...

't0t't6t2013
EMPLOYEE CI.AW..
EMPLOYEE CLAW..

3,683.41
-3,583.41
-100.00

Bonuses
Bonuses

-3,683.41

TOTAL

Deposit

US BANK CLAWB...

10t28t2013
METRO
METRO
METRO
METRO

GEM, INC.
GEM, INC.
GEM, INC.
GEM, INC.

lnterest
lnterest
lnterest
lnterest

42,450.00
-20,000.00
-22,250.00
-164.00
-36.00

Exp-MGl
Exp-MGl
Exp-MGl
Exp-MGl

-42,450.00

TOTAL

Deposit

US BANK CLAWB...

10t31t2013
US BANK

1,023.26

lnterest lncome

TOTAL

./ a lq

/ t

f

-1

,023.26

-1

,023.26

74., ,: E '4. r-7

74,

Ò

6q',

17

Page

1

Case 08-45257
Case Name:
Case Number:

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 13 of 24

Desc Main

Petters Company, lnc.
08-45257

ITEMIZATION OF CASH DISBURSEMENTS
Check
Number

Date
Paid
10t412013
10t712013

10t8t2013
101812013

10t9t2013
10t15t2013
10t2412013
1012812013

10t28t2013
1012812013

10t28t2013
10t28t2013
10t30t2013

Fafinski, Mark & Johnson
Fruth, Jamison & Elsass
Kelley, Wolter & Scott, PA
Boies, Schiller & Flexner
Weisbart Law Office
US Bank
JAMS

National
National
National
National
National

Registered
Registered
Registered
Registered
Registered
Richard Solum

Agent
Agent
Agent
Agent
Agent

Professional Expenses
Professional Expenses
Professional Expenses
Professional Expenses
Professional Expenses
Bank Service Fee
itration Fee
Registered Agent Fees
Registered Agent Fees
Registered Agent Fees
Registered Agent Fees
Registered Agent Fees

1016
1017
1018

1019
1020
wtre
1022
1023
1024
1025
1026
1028

Mediation

Amount
$
$
$
$
$
$

$
$
$
$
$
$

69,872.83
4,704.68
24,163.77
727.28
13,325.81

75.50
5,350.00
I 10.00
110.00
110.00
110.00
110.00
335.00
104.87
$1

CHECKS ISSUED BUT NOT PRESENTED FOR PAYMENT
Date
lssued
1011412013

10t15t2013

on

US Trustee
Sanibel Harbour

US Trustee Fees
Litigation Expense

Check
Number
3048
1029

Amount

$

9,100.00
2,000.00

$

135,204.87

$

TOTAL

GRAND TOTAL

DOCS-#2795584-v6l-Petters_Monthly_Operating_Report-PcLXLS

(ltemization Cash Disbursements)

Case 08-45257

Doc 2141

4:05 PM

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 14 of 24
PETTERS COMPANY, INC.

Desc Main

Gheck Detail

11t14t13

October 2013
Type

Check

Num

wire

Date

10|1512013

Name
US BANK

Account

Item

Paid

Bank Service Char.

wire

1012412013 JAMS, lnc.

.

Legal Fees

1022 10t2t20',t3

NATTONAL REG|S...

TOTAL

1023 10t2t20't3

NATTONAL REG|S...

l/C AR SPEs

1024

10t2t2013

NATTONAL REG|S...

l/C AR SPEs

1025

101212013

NATTONAL REG|S...

l/C AR SPEs

1026 10t2t2013

NATTONAL REG|S...

I/C AR-FAC

1028

10t15t2013

RICHARD B SOL...

Legal Fees

1029

10115120'13 Sanibel Harbour...

TOTAL

-Check 3048

1011412013 U.S. TRUSTEE

US BANK CLAWB...
Filing Fees
l/C AR SPEs
l/C AR SPEs
l/C AR SPEs
l/C AR SPEs
l/C AR SPEs
l/C AR SPEs
l/C AR SPEs
l/C AR SPEs

Biil

6440...

10t14t20't3

Biil
Biil
Biil
Biil
Biil

6440...

10t1412013

6440...
6440...
6440...
6440...

10t14t2013
10t14t2013
10t14t2013

B¡II

6440...

Biil

6440...
6440...

't0t14t20't3
10t't4t2013

Biil

1011412013

1011412013

-110.00

-110 00

'l

-110 00

110.00

10.00

-l 10.00
-1 10.00

110.00

-1 10.00

110.00
-1 r

0.00

-1 10.00

110.00

-1 10.00

1

10.00

-1

10.00

10.00

1

10.00

-1 10.00

1

10.00

-1

-220.00
-220.00

220.00

-220.OO

220.00
-5,335.00

-5,335.00

5,335.00

-5,335.00

5,335.00

US Bank Operatin...
Travel

Bill Pmt

5,350 00

US Bank Operatin...

TOTAL

Check

5,350 00

-5,350.00

US Bank Operatin...

TOTAL

Check

-5,350.00

US Bank Operatin..

TOTAL
Check

-5,350.00

US Bank Operatin...

TOTAL
Check

75 50

US Bank Operatin..

TOTAL
Check

75 50

-75.50

US Bank Operatin..
I/C AR SPES

Check

-75,50

US Bank Operatin..

TOTAL

Check

Original Amount
-75.50

US Bank Operatin..

TOTAL

Check

Amount

-2,000.00

-2,000.00

2,000.00

-2,000.00

2,000.00
-9,100.00

-6,500.00
-325.00
-325.00
-325.00
-325.00
-325.00
-325.00
-325.00
-325.00

6,500.00
325.00
325.00
325.00
325.00
325.00
325.00
325.00
325.00

Page

1

Case 08-45257

Doc 2141

4:05 PM

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 15 of 24
PETTERS COMPANY, INC

Desc Main

Check Detail

11t't4t13

October 2013
Type
TOTAL

Num

Date

Name

Item

Account

Paid

Amount
-9,100.00

Original Amount
9,100.00

1- aÔ, 3 ()
6A^,
û&tJ
lt/-øl

Page 2

Case 08-45257
Case Name:
Case Number:

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 16 of 24

Desc Main

Petters Companv, lnc.

0845257
BANK RECONCILIATIONS

MONTH:

October-13

The Debtor in Possession must complete the Reconciliation below for each bank account (e.g., General Payroll, Tax, etc.),
including all savings and investment accounts (e.9., money market accounts, certificates of deposit, government obligation,
etc.). Attach additional sheets if necessary.
US Bank
Bank Account Purpose:
Bank Account Number:
Balance Per Bank Statement

Acct: operating

No:

xxxxxx 7806

Acct

No:

US Bank
clawback
xxxxxx5084

Acct:

Month

No:

Total

$762,954.54

$24,147,955.17

$0.00

$24,910,909.71

2 Add: Total Deposits Not Credited

$0.00

$0.00

$0.00

$0.00

3 Add: Service Charges

$0 00

$0.00

$0.00

$0.00

$2,000.00

$9,100.00

$0.00

$11,100.00

$0.00

$0.00

$0.00

$0.00

$760,954.54
$760,954.54

$24,138,855.17
$24,138,855.17

$0.00
$0.00

$24,899,809.71
$24,899,809.71

Purchase
Price

Current
Value

1

4 Subtract Outstanding Checks
5 Subtract: lnterest Earned

End of Month Bank Balance
6 Per Books

Investment Accounts:

Account Name

Date

TYPe

and Number

of Purchase

of lnstrument

7 NONE
8
9

l0
11

TOTAL
Total Cash - End of Month:
nes 6+1'l

DOCS+2795584-v6l-Petters_Monthly_Operating_Report-PCI.XLS

(Bank Reconciliations)

$

24,8

809.71

Case 08-45257

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 17 of 24

Desc Main

Petters Company, lnc.

Case Name:
Case Number:

0845257
PAYMENTS TO INSIDERS AND PROFESSIONALS

Of the total disbursements shown for the month, please list the amount paid to insiders (as defined in Section 101 (31) (A)-(F) of the U-S. Bankruptcy Code)
and the professionals. Also, for payments to insiders identify the type of compensation paid (e.g., salary, bonus, commission, insurance, housing allowance,
travel, car allowance, etc.) Attach additional pages as necessary.
Type of
nsation

lnsiders: Name
1

Month

1

Month 2

Month 3

Month 2

Month 3

Quarter
Total

NONE

2

5

6
7

I

o
10
11

12 Total

$

to lnsiders

Professionals: Name
Boies, Schiller & Flexner LLP
Fafinski Mark & Johnson
Fruth, Jamison Elsass
Li
uist & Vennum LLP

17
15
14
18
rS
16 P
13 Mark A. Weisbart
19 Withers BVI
Kellv. Wolter & Scott, PA

Date of Court
Order Authorizing
Payment

9t3012013

$
$
$

Month 1
727.28
69,872.83
4,704.68

9t30t2013

$

13,325.81

9r3012013

9t30t2013

9t3012013

$

24,163.77

$

37,489.58

$

$
$
$
$

13 325.81

21

22

23
24
25 Total: Professionals

DOCS+2795584-v61-Petters_Monthly_OperatinaReport-PClXLS

(P)'mnts to lnsiders Professional)

Quarter
Total
727.28
69,872.83
4,704.68

$

$

$
$
$
$
$
$
$

24j63.77

37,489.58

Case 08-45257
Case Name:
Case Number:

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 18 of 24

Desc Main

Petters Company, lnc.
0B-45257

STATUS OF POST-PETITION TAXES

Month:

FEDERAL
1

Beginning
Tax
Liabilitv.

Withholdinq**

3 FICA-Emplover*"

4 Unemplovment

lncome
6 Other (list)
7 Total FederalTaxes

I

STATE & LOCAL
Withholdinq

9 Sales
10 Excise
11

12
13
14
15
16

Unemployment
Other
Real Property
Personal Property
Other (list)
Total State & LocalTaxes

17 TOTAL TAXES DUE

Amount
Withheld and/or

Amount

Accrued

Paid

Ending Tax

$o
$o

$0
$o
$0
$0
$0
$0
$0

Liabilitv
$0
$0
$0
$0
$0 unknown
$o
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$o
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$o
$0

$o
$0
$o
$0
$0
$0
$0
$0
$0

$o

$0

$0

$0

$0
$0
$0
$0

2 FICA-Emplovee**

5

October-13

unknown

List any pre-petition taxes paid during reporting period

$0
$0
$0
$o
$o
$0

none

Explain the reason for any payment on pre-petition taxes
DEBTOR HAS NOT PAID ANY PRE-PETITION TAXES.

Explain the reason any post-petition taxes are past due
TO MY KNOWLEDGE NO POST PETITON TAXES ARE PAST DUE.

* The beginning tax liability should represent the liability from the prior month, or if this is the first operating report, the
amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payments or deposits.

DOCS-#2795584-v6l-Petters_Monthly_Operating_Report-PCLXLS

(Status of Post-Petition Taxes)

Case 08-45257
Case Name:
Case Number:

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 19 of 24

Petters Compa
08-45257

Desc Main

, lnc.

AGING SCHEDULE OF POST-PETITION PAYABLES

Month:
Accounts Payable:
Vendor

October-13

Current
0-30

31-60

61-90

91 & Over

Days

Davs

DaVs

Days

I See attached

TOTAL
$

2
3
4
5
6
7

$

$
$

$
$
$

I

$
$

9
10

$
$
$

11

12
13
14

$

TOTAL PAYABLES

$

$

$

$

$
$

TAXES PAYABLE
Taxinq Authoritv
16 Federal
17 State

$
$
$
$

1B

19

20

$
$

21

TOTAL TAXES

$

$

$

DOCS-#27955 84-v6l -Petters_Monthly_Operating_Report-PCLXLS (Aging Schedule of PostPetition)

$

$

Case 08-45257

4:03 PM

Doc 2141

11t'.t4t13

Filed
12/16/13
EnteredINC
12/16/13 10:33:21
PETTERS
COMPANY,
Document
Page
20
of
24
A/P Aging Detail

Desc Main

As of October 3'l,2013
Type

Date

Num

Name

Due Date

Aging

Open Balance

Current
Total Current

-

't -30
Total 1 - 30
31 -60
Total 31 - 60

6'l - 90
Total 61 - 90

>90
B

1012712008

Acct #8367941

3

AT&T Mobil¡ty

111061200A

1,820

B

1110712008

Acct #73 1 540364

AT&T Mob¡l¡ty

11117 t200A

1,809

312 59

B

1112612008

Acct #8367941

AT&T Mobil¡ty

12106t2008

1,790

236 43
215.01

1

1

3

Cred t

1212212008

lnv #1951785990

Ver¡zon W¡reless-PA

B

01to6t2009

Acct #731 540364

AT&T Mobility

01 /1 6/2009

1,749

B

03/01 /2009

lnv

PETTERS GROUP. LLC

031o112009

1 705

#1 0/1

0/08

>90

221 28

-2.21

TOTAL POST PETITION LIABILITIES

1

,619.26

2,602.36

PRE PETITION LIABILITIES

>90

0111812004

Biil

o110812004

#cwc

Credit

111O112005

PETTERS GROUP, LLC

Credit

111O112005

cRM185
cRM184

B¡II

oTto'U200a

INV #7532

PETTERS GROUP, LLC

071o112008

1,948

071o91200a

1,940

0323463

HARRIS HOMEYER COMPANY

3,574

-47.57

PETTERS GROUP, LLC

B¡II

0710912008

lnv #7641

PETTERS GROUP, LLC

Credit

071171200a

PCI lnv #14375

Petters Capital, LLC

215.08
-47.57
75,000.00
70 73
-6,775.00

B¡II

0711712008

lnv #7671

PETTERS GROUP, LLC

0711712008

1,932

613.85

B¡II

0712112008

lnv #7688

PETTERS GROUP, LLC

07121t2008

1,928

4,063.48

B¡II

07t31t2008

lnv #7754

PETTERS GROUP, LLC

07t31t2008

1

,918

437.16

B¡II

0713112008

lnv #7761

PETTERS GROUP, LLC

0713112008

1

,918

3,238.53

Biil

08/0 1 /2008

lnv #7719

PETTERS GROUP, LLC

081o112008

1,917

75,000.00

Biil

08i01/2008

lnv #7703

PETTERS GROUP, LLC

08/0

/2008

1,917

4,280.00

B¡II

0712312008

lnv #1887927533

Verizon Wireless-PA

08t02t2008

1

Biil

08t12t200a

lnv #7780

PETTERS GROUP, LLC

0811212008

1,906

1

,916

1

38.1

I

82 55

B¡II

o81121200a

lnv #7784

PETTERS GROUP, LLC

0811212008

1,906

32.0O

B¡II

08/01/2008

lnv #20060'192

THOMAS PETTERS, INC.

08116t2008

1,902

12,500.00

Biil

0812512008

lnv #7820

PETTERS GROUP, LLC

08t25t2008

1,893

3.1 9

Biil

08t25t200a

lnv #7831

PETTERS GROUP, LLC

0812512008

1,893

16.00

Biil

0811512008

lnv #200601 93

THOMAS PETTERS, INC.

08/30/2008

1,888

12,500.00

Biil

081211200a

#341 0503468431

Sam's Club

08/31/2008

1,887

210.00

B¡II

08t2112008

lnv

FREDRIKSON & BYRON

08/3

/2008

1,887

1,897.60

B¡II

0813112008

lnv #7871

PETTERS GROUP, LLC

o4t31t2008

1,887

3,238.53

Biil

0813112008

lnv #7850

PETTERS GROUP, LLC

o813112008

1,887

475.21

Biil

08/31 /2008

lnv #7860

PETTERS GROUP, LLC

08131t2008

1,887

6,195.99

#1 0061

05

1

Biil

09/01/2008

lnv #7901

PETTERS GROUP, LLC

09/01/2008

1,886

75,000.00

Biil

09lo1l200a

lnv #7886

PETTERS GROUP, LLC

09101t2008

1,886

4,280.00

Biil

09i01/2008

lnv #7981

PETTERS GROUP, LLC

09/01/2008

1,886

4,280.00

BiII

09/01/2008

lnv #8079

PETTERS GROUP, LLC

0910112008

1,886

12,685.89

Biil

09lo'U2008

lnv #200601 94

THOMAS PETTERS, INC.

0911612008

1,871

12,500.00

Biil

09/06/2008

lnv

Ver¡zon Wireless-PA

09/16/2008

1,871

107.55

B¡II

091241200a

lnv #292946468

FEDERAL EXPRESS

09t24t2008

1,863

98.42

Biil

09/1 5/2008

lnv #224567

Street Fleet

09t25t2008

B¡II

091251200a

lnv #888966713

FEDERAL EXPRESS

0912512008

1,862
't,862

32.20

Biil

0912s12008

lnv #7969

PETTERS GROUP, LLC

0912512008

1,862

7,269.42

B¡II

09/1 5/2008

lnv #200601 95

THOMAS PETTERS, INC

09/30/2008

1,857

12,500 00

Biil

09/1 5/2008

Aæt#341724234

T-Mobile

09/30/2008

1,857

67 19

#1 905753291

19.01

Page 1 of 2

Case 08-45257

Doc 2141

4:03 PM

11t',t4t't3

Filed
12/16/13
EnteredINC.
12/16/13 10:33:21
PETTERS
COMPANY,
Document
Page
21
of
24
A/P Aging Detail

Desc Main

As of October 31,2O13
Type

Tota > 90

Date

Num

Name

Due Date

-gs-

Open Balance

Biil

09/30/2008

lnv #8047

PETTERS GROUP, LLC

09/30/2008

1,A57

3,238 53

B¡II

09/30/2008

lnv #8012

PETTERS GROUP, LLC

09/30/2008

1,857

3,438 36

B¡II

09/30/2008

lnv #8032

PETTERS GROUP, LLC

09/30/2008

1,857

387 99

B¡II

09/30/2008

lnv #8020

PETTERS GROUP, LLC

09/30/2008

1,857

1,173 52

Biil

09/30/2008

lnv #8087

PETTERS GROUP, LLC

09/30/2008

1,857

13 09

Biil

09/30/2008

lnv #8091

PETTERS GROUP, LLC

09/30/2008

1,857

57 59

101011200a

1 856

75,000 00

BiII

101o112008

lnv #7993

PETTERS GROUP, LLC

Credit

101o1t2008

PETTERS GROUP, LLC

-1A2 70

Credit

10t01t2008

cRM0007969
cRM000745

PETTERS GROUP, LLC

75,000 00

Biil

09t23t2008

lnv #731 540364

Bilt

0912312008

Acct #8367941

Biil

1

0/06/2008

Biil

AT&T Mobil¡ty

10t03t2008

1,854

890 81

AT&T Mobility

1010312008

1,854

501 46

lnv #8070

PETTERS GROUP, LLC

1010612008

1,851

20 00

101o1t200a

lnv #249

200 Water LLC

10t11t2008

1,846

1,680.00

Biil

101o1t200a

10'to440

FREDRIKSON & BYRON

10111 12008

'1,846

806 40

B¡II

1

0433

FREDRIKSON & BYRON

10t11t2008

1,846

51,842.80

B¡II

101o11200a

1010417

FREDRIKSON & BYRON

1011112008

1,846

14,812 77

Biil

101o11200a

1010418

FREDRIKSON & BYRON

1011112008

I,846

5,957 46

Biil

1011112008

lnv #8104

PEIIERS GROUP, LLC

't0111t2008

1,846

B¡II

101o112008

lnv #20060 1 96

THOMAS PETTERS, INC

1011612008

1,841

49 68
'12,500 00

B¡II

1

Verizon Wireless-PA

1011612008

1,841

Biil

1010712008

Acct #731 540364

AT&T Mobility

1011712008

1,840

B¡II

1011012008

lñv #12747

Alliance Cour¡er

10t2012008

1,A37

0i01 /2008

0/06/2008

1

01

lnv

#1

9l

'13

8501 285

389.23
1

IC.JJ

TOTAL PRE PETITION LIABILITIES
TOTAL LIABILITIES

,241.78

421,009.72

$

423,612.08

Page 2 ol 2

Case 08-45257

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 22 of 24

Desc Main

Petters Company, lnc.
08-45257

Case Name:
Case Number:

POST.PETITION STATUS OF SECURED NOTES, LEASES
PAYABLE AND ADEQUATE PROTECTION PAYMENTS

Month:

Post-Petition Secured Notes, Leases Payable and
Adequate Protection Payments
(Unpaid Post-Petition Onlv)
List Creditor/Lessor *

October-13

Amount Paid

Scheduled Monthly
Pavment Due

Total Unpaid

During Month
$
$
$

22 NONE

23
24
25
26

$
$

$

TOTAL DUE

$

$

$

*A
creditor or lessor who is also an officer, shareholder or an insider by reason of relationship or control, is to be
by **.

identified

ACCOUNTS RECEIVABLE AGING
Month
1

AGING
none

1

of Quarter

2
3

4
5

DOCS-#2795584-v6l-Petters_Monthly_Operating_Report-PCI.XLS

(Status of Notes and AR Aging)

Month 2
of Quarter

Month 3
of Quarter

Case 08-45257

Doc 2141

Filed 12/16/13 Entered 12/16/13 10:33:21
Document
Page 23 of 24

Desc Main

QUESTIONNAIRE
Case Name:

Petters Company, Inc.

United States Bankruptcy Courl District of
Case

Number:

Minnesota

Division

08-45257

Month:

October- l3

I Taxes:
Are all post-petition payroll, state and federal taxes current?

Yes

X

No(

)

Are all post-petition income taxes, state and federal, current?

Yes

X

Are all other post-petition taxes current?

fes X

No(

)

No(

)

answer to any ofthe questions above is no, please list the balances which are outstanding on the schedules ofpost-petition
taxes payable.

lfthe

Are workers compensation, general liability and other necessary insurance in effect?

Yes( '

No(X)

Are all premium payments current? - N/A

Yes( .

No(

)

PLEASE ITEMIZE ALL POLICIES:
Expiration

of Po

Date

Carrier

Installment
Pmt Amt.

Period

Paid

Covered

3 Have any payments been made to any pre-petition creditors?

Secured
Priority
Unsecured
If yes, please identif

4

X
No
Yes ( )
X
No
Yes ( )
X
No
Yes ( )
to whom the payment(s) has been made, the date(s) and the amount(s).

Have any assets been sold outside the normal course ofbusiness?

Yes( .

No

X

If yes, please describe the assets which were sold and attach an order by the Courl authorizing the sale,

5

Have all funds been deposited in and disbursed from the Chapter

YesX

No

(

1

1

debtor bank accounts?

)

6 Are all post-petition accounts receivable due from non-related parties?

YesX

No

(

)

7 What specific efforts have been made in the past month toward the development of a Plan of Reorganization?
PncewaterhouseCoopers, LLP ("PwC") a tbrensic accountrng t¡rm, has analyzed the receipts ot, as well as disbursements ot,
fundsinthiscase,aswell asaffiliatedcases. PwCpreparedaninterimreportthatwasfiledwiththeCourtonDecemberl5,20l0
The Trustee has filed more than 200 adversary complaints seeking to avoid and recover fraudulent and preferential transfers made
by the Debtors for the benefit of creditors. Defendants filed more than 100 motions to dismiss on all or certain counts of the
complaints, and discovery has been stayed by the Court pending resolution ofthese motions. The Court conducted three days of
hearings on common issues raised in the motions to dismiss in October/1.{ovember 2011 and recently issued three Memoranda
dated June 19,2013, August 30,2013 and September 30,2013. A hearing on the Trustee's motion to substantively consolidate
PCI and 8 special purpose entity debtors was held in December 20ll and is currently under advisement. The Trustee has
continued to seek the resolution ofthe pending adversary proceedings, through mediation or settlement, and has settled several
adversary proceedings and has or will seek approval of such settlements from the Court. The Courl has scheduled a status
conference for November 21 , 2013 at which time it is anticipated the Court will address the timing of additional pleading,
discovery and dispositive motions. It is presently not contemplated that a plan of reorganization will be fi led until such time as
material resolution has occurred with respect to the pending litigation,

DOCS-#2795584-v6l -Petters_Monthly_Operating_Report-PCI XLS (Questionnaire)

Case 08-45257

Doc 2141

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Document
Page 24 of 24

Desc Main

Debtor/Trustee's Certification

Näme of Attorney: James A. Lodoen
Lindquist & Vennum PLLP
42OO IDS CENTER

Address:

80 South Eiqhth Street
City, State, Zip:

Minneapolis, MN 55402

Telephone:

612-371-3211

I CERTIFY UNDER PENALTY OF PERJURY THAT I HAVE REVIEWED THE FOLLOWING COMPLETE
MONTHLy OPERAT|NG REPORT (MOR), CONSISTING OF MOR-1 THROUGH MOR-11, PLUS ALL
ATTACHMENTS, AND AFTER MAKING REASONABLE INQUIRY, BELIEVE THESE ARE TRUE AND
CORRECT.

Signed

L"tA þ

Title: Trustee

ature)

Douqlas A. Kelley

Date

I

I

The above summary and attached pages are based on Debtor's books and records, the completeness,
validity and accuracy of which is in question. This information is compiled from various sources and
represents a good faith estimate. Based on information uncovered during the related federalfraud
investigation, the market value of all assets, and the likelihood receivables will be collected, has been called
into question and may ultimately be zero.

DOCS-#2795 584-v6l -Petters_Monthly_Operating_Report-PCLXLS (Debtor-Trustee's Cerlification)