Quarterly report pursuant to Section 13 or 15(d)

Note 18 - Related Party Transaction

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Note 18 - Related Party Transaction
 6 Months Ended
Apr. 30, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
18.
Related Party Transaction
 
Predecessor
 
The Predecessor had a Management Services Agreement, as amended from time to time, with PGP Advisors, LLC (“PGP”), the Predecessor’s largest shareholder, to provide advisory, consulting and other professional services. Under the terms of the agreement the annual fee for these services was
$4.0
million from
September
of
2017
through
August
of
2019,
and
$2.0
million annually thereafter. For the period from
November 1, 2018
through
December 5, 2018,
the Predecessor incurred
no
fees related to this agreement and other agreed upon expenses. These expenses were included in general and administrative expenses on the accompanying consolidated statements of operations. In conjunction with the Business Combination, this agreement was terminated.