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Yeah weird hey! Bioamber owed roughly 800k USD as per the May 31st creditors list... This is what Bioamber projected they owed based on production and royalty payments...
PWC made it easy for everyone to calculate how much per a MT Bioamber owed Reverdia in Royalty...
So as per the August 24th letter from the President of Reverdia directly to the CEO of Bioamber they included what the 2017 Q4 royalty payment was... Some simple math will show that Bioamber paid roughly $20 USD per MT of BioSA....
As per the Reverdia letter they included remaining 2017 payments due along with a minimum royalty payment for 2018 because Bioamber had not provided production data to Reverdia from 2018 Q1....
If LCYB was assigned the Reverdia STA during the CCAA on September 27th, it would have become public knowledge the production amount of BioSA in Q1 2018....
BioAmber has provided no production numbers or sales for Q1 2018....
Based on the record breaking 2017 Q4 and the fact they were increasing sales and customers, it's hard not to believe that Q1 2018 would have been the best quarter Ever!
Combine the fact Bioamber Inc reported over $14 million USD of A/R in their June 2018 US court filings....
HOW ON EARTH WAS REVERDIA OWED 800K USD!?!
Both individuals continue to acquire stock and must ammend their 13g to show that...
The complete opposite of dumping the stock LOL
Funny how Verdezyne had a adipic acid program which Bioamber has even referenced in patent filings...
Key investors (DSM) in Verdezyne made a business decision to wind up Verdezyne May 2018...
CEO of Verdezyne incorporates a Delaware corporation June 2018.... It went by Vertubio
Verdezyne IP and General Counsel decided to also be part of Vertubio....
Vertubio setup their headquarters mere blocks from Verdezyne office....
Erik Rutten who now works for Visolis was once on the BOD of Verdezyne when he worked for DSM...
Now Visolis magically takes over the research project with the University of Toronto on adipic acid.... Bioamber contributed over $1 million to that research project
DSM was included on the Bioamber CCAA service list represented by Luc Morin during the initial Sisp... Vertubio was also created during this period of June 2018...
DSM was removed from the service list and replaced with the Purchaser of the APA following court approval and represented by Luc Morin!!
The Ceo of Verdezyne who created Vertubio which recently changed its name is now the CEO of LCY Biosciences....
GOVERN YOURSELVES ACCORDINGLY
DO DD
BTW LCYB has 35+ employees!!
So now the fantasy has changed so shares will live on forever!?!?!
Until PWC files a discharge certificate, they continue to be the monitor And the CCAA continues....
Its black and white clear as day in the Judge's July Judgement
So BioAmber Inc the US entity will be dissolved under what part of the US Bankruptcy Code in Delaware?
And then BioAmber Sarnia Inc, BioAmber Canada Inc, and BioAmber BioChemicals Inc will all be dissolved by the Delaware judge who has no authority over the Canadian Corporations...???
Its Black and White, Clear as day that no debt has been or will be "discharged" under the Canadian Main CCAA proceedings....
So what gives the US Delaware Judge the authority to discharge and wind up Canadian debt and corporations in the US courts....??? HAHAHA
NOTHING
Not 1 shareholder shares this opinion....
Blantly false
I can't wait for the US courts to dissolve the Canadian subsidiaries debt!! LOL!!!
Imagine that, the companies nor debt is dissolved in the Canadian CCAA, but the judge ruled that once the monitor files a discharge certificate the CCAA will be terminated. Bioamber will not have the status of bankrupt under the BIA once the CCAA has ended...
So how the F is the Delaware judge going to over rule the CCAA proceedings and dissolve Canadian debt out of his purview
LOL
This is a complex restructuring
Want to.... Provide documents to backup claims and opinions about bioamber...yeah that's crazy talk
LoL
Thanks
LOL!
Has the Monitors Certificate been filed!?!
No!
So the new fairy tale is words have a different meaning?
LOL!
That information is wrong, you know that, right?
Sofinnova is a key stakeholder and still (TO THIS DAY) a current investor...
They did not sell...
LOL!
Maybe a new cancellation fantasy will emerge...
Sofinnova SCHEDULE 13D
Sofinnova Portfolio
Thanks for sharing this valuable insight.
Greatly appreciate all you have done to benefit BioAmber shareholders.
HAHAHA you honestly believe the CCAA Judge would expose, break NDA's and conveniently tell to Ron/Crane non-public highly sensitive material information BAHAHAHAH
Research the difference between under court sealed document and an NDA covering the entire process...
Was Crane honestly expecting the Judge would say "good job guys, share buyout is coming when the dust settles, go load up more shares if you pinky promise to my face you wont tell anyone"
FALSE
CCAA HAS NOT CLOSED
But that is not his fantasy, maybe you could help Bruce explain how you make an investment in a sale of assets
Bingo!
When will Mitsui be releasing their security interest on all of Bioambers IP including trademarks...
Waiting for the Monitors Discharge Certificate.... Still not filed
Unbelievable
Yeah like a secret debt discharge and share cancellation LOL
Hopefully, straws made from ISO 9001, ISO 14001, OHSAS 18001 and FSSC 22000 Certified BioSA...
Can I ask why the Judge in his final Judgement in the CCAA never discharged the debt??
Im sure a lot of people are wondering why the Judge didn't flat out say that all debt will be discharged.... seems crazy for him to assume people will make the connection...
So once the Monitors Discharge Certificate has been filed... CCAA is done, PWC is done... SOOOOOO WHO IS DISCHARGING THIS DEBT!?!?!
SURE AS HELL won't BE THE DELAWARE JUDGE DISCHARGING FOREIGN DEBT LOL
CRAZIER AND CRAZIER THE FANTASY GETS
Sooo after a hypothetical discharge of remaining debt by "the judge" and AFTER "the judge" dissolves the "company" (which one of the 3 involved??)...
THEN PWC WILL NOTIFY FINRA TO REMOVE THE TICKER
OFCOURSE AFTER PWC HAVE BEEN DISCHARGED and no longer involved...
SO ONCE PWC HAS NOTHING TO DO WITH BIOAMBER, THEY WILL BE NOTIFYING FINRA
HAHHAHAHAHAH
HAHAHAHHAHAHA
I'd consult professional investment advise before demanding confidential non publicly disclosed information from a corporation
No legal professional agrees with Ron and crane delusional assumption that the vinmar off take agreement has forced value through litigation!!
NOONE
So NOONE cares about the shipments of BioSA lol...
Know what you own, do your own DD and consult professional advice when required.
Confused??
NOONE AGREES WITH CRANES ASSUMPTION THE VINMAR OFFTAKE AGREEMENT IS ENFORCABLE THROUGH LITIGATION!!!
THE COURTS LAUGHED!!
THE MONITOR LAUGHED!!
THE CREDITORS LAUGHED AND WANT NO PART OF IT!
THE SHAREHOLDERS LAUGHED AND SAID "THANKS FOR WASTING MORE TIME AND EMBARRASSING SHAREHOLDERS"!!
Afraid you got that wrong.
The Letter clearly states at the top "Letter of Intent for Investment in Bioamber, Inc"...
Bioamber Inc is the Delaware US Parent corporation that shareholders own...
Bioamber Inc was allocated just over 200k$ USD from the Visolis transaction... I'D SAY THAT IS FAR FROM AN investment in Bioamber Inc LOL
Sorry about that, but, in all reality, the positive outcome has been known for many moons.
Let's talk about complexity for a moment...
Can anyone tell me the significance of VertuBio which was incorporated 2018-06-15 in Delaware...? (Before Qualified bidders were selected in the SISP)
I'll give a hint, it's not a coincidence Visolis took over the Adipic Acid project with the University of Toronto...
RON IS AN DELUSIONAL EMBARRASSMENT TO SHAREHOLDERS WITH NO PLAN!!!
BioAmber will be fine
Ron is in Limbo, grasping at anything so he can feel like he has a "following" again.... Its sad
Ron embarrassed all shareholders in the Judge's purview.... Accomplished nothing since last October and now expect shareholders to blindly follow because they are the only way to survive ahahhahahaha
BOTTOM LINE SHAREHOLDERS, CREDITORS, AND ALL STAKEHOLDERS INVOLVED WANT RON GONE!!!!
Has anyone seen the monitor's discharge certificate? Has a discharge certificate been filed? Has the US courts approved the Judge's order to dismiss the CCAA
The answer is NO
CCAA is not terminated until a discharge certificate has been filed.... You'd think the amazing legal team from Crane would explain this to their clients hahahah
Considering Bioamber Sarnia has not been deemed "bankrupt" by the Canadian courts under the BIA or filed for it, why would the US judge wind-up a non bankrupt foreign corporation that is outside their jurisdiction... LOL basic understanding of "the law" is helpfull
Coming straight from the University of Toronto, Faculty of Applied Science & Engineering - BioZone website....
Page was updated today...
If shareholders are still listening to a delusional individual like Ron who was represented by Crane... I feel bad for you
https://www.biozone.utoronto.ca/projects/
Some confusion to what a Corporation is?
There are 3 separate corporations, not 3 components that make up Bioamber Inc... LoL