I will leave it to counsel to calculate the exact payout for
each of the respondents, accordingly. I may be contacted in the
unlikely event that the exact payout for each of the respondents
cannot be calculated.
 Having regard to the result, and absent a consideration of
any offers to settle, I would urge the parties to resolve the costs
associated with this application without judicial involvement. In
the event that such cannot be resolved, I will convene a conference call to set out the parameters for submissions, if necessary.
VALUATION OF AQUAM CORPORATION
AS AT APRIL 17, 2017
AS REQUESTED BY MR. JUSTICE GANS
VALUATION OF AQUAM CORPORATION AS AT APRIL 17, 2017
AS REQUESTED BY MR. JUSTICE GANS ON SEPTEMBER 14, 2018
Justice Gans requested the two business valuators, Robert Low and Wayne Rudson, to prepare revised valuation calculations16 of Aquam Corporation based on
certain adjustments to their valuation reports regarding the following:
ii) Capital expenditures;
iii) Income taxes;
16 The adjustments discussed herein and calculations attached hereto do
not reflect the opinions of either valuator but reflect adjusted values
based on various inputs from J ustice Gans and discussions between the
valuators. This document was drafted by Rudson. Where Low disagreed
with the comments and calculator, these are noted in italics.