In reference to today's activity: this video for you all.

Where does 257 and 255 come from?

That is CRAZY........

Nope.. still the same... full value. lol.

Yep, I would post it but... i will let you ponder....

wow, good catch as always....

folks be like.... WTF..... Oh Smack... I coulda, I shoulda..... lol.

Still not Number 1 on most read.. but that will soon change.....

Judges supervising proceedings by a debtor company under the CCAA have broad powers and discretion to allow insolvent companies protection under the CCAA to deal with their assets. This broad discretion can allow for business combinations and asset sales to occur that might otherwise not be possible.


yep. like BioAmber?

flippers made money sure.. but that has nothing to do with the DD....

I know.....lol.

Ya folks that hold the stock right now are really pumping for the dump right? lol.

Cha Ching.... did you hear that? what was that?

The Acid Bath of the Vesting Order

When assets are sold through CCAA proceedings, whether as part of the financing of a restructuring or through a creditor and court-approved overall plan of arrangement, a vesting order is issued by the court. The effect of the vesting order is that the creditors’ claims to the assets included in the sale are converted into claims to the proceeds of the sale, with the creditors ranking in their pre-vesting order priorities in respect of the distribution of such proceeds. The assets are transferred free and clear of registered encumbrances, security interests and claims against the assets, unless explicitly assumed by the buyer.

A court order under the CCAA can also remove the need to obtain certain consents and other requirements for closing a transaction. This would include shareholder consent and consents from parties to contracts concerning the assets. For example, the CCAA expressly authorizes the court to assign contracts to an assignee, notwithstanding restrictions on assignment in the contract, if certain pre-conditions are met. In addition, certain regulatory requirements under securities and other legislation can be avoided or ameliorated through the vesting order. Another advantage flowing from court supervision of the process is that the court will expressly approve the transaction, thus reducing the risk of future challenges to the validity of the transaction.

You just got Chemtrailed....by the Capt.

Sure they did.....

I disagree. thank you.

good luck to you sir. The DD speaks for itself. NO WAY 4.3 milly for it all. NO FKN WAY...

LCY just picked up a finger for a really good price, now they will go for the Hand since a finger is only a finger and a Hand is THE HAND.... one is not good without the other. Still many companies in Bioambers umbrella. Takes time.

Good things coming. Remember Bioambers Lawyers specialized in something other than Bankruptcy as well.....hmmmmmmm....

Yep... nothing was done IN THE CCAA... He is right......It happened OUTSIDE OF THE CCAA...lol.

I think I will stick with this information before anything else.. either Mica bluffed to get a better bid or he is telling the truth. which is it? Kudos to the poster of this info.....

your right. thank god it was a restructure.

that's funny... because the word Liquidation can apply to a subsidy dissolving back to the parent company as well.

3 Liquidation vs. Dissolution p.323 Liquidation as a tax concept – termination of corporate activities, satisfaction of liabilities, and distribution of the corporation’s assets.

Liquidation of a subsidiary into a parent corporation – assets remain held in corporate form (i.e., held by the parent corporation). Result to controlling corporate shareholder: Under §332 – no gain or loss on the receipt by the corporation of property in the complete liquidation of an 80% or more subsidiary.

anything would be wonderful really but the shares in the new company are very exciting.

we shall see wont we?

patients is Key.... I stole that line.....

we know that this " qualified bid " included a share purchase and royalty. I have seen it with my own eyes........ waiting for the next duck to be shot down... not many left standing....

ok, but the share purchase will take care of the outstanding debt the company still has if that is the case. I can see him moving said liens to another form of documention just as long as the outcome is everyone getting paid and moving on. No Way everyone agreed to get screwed.... not going to happen...and did not happen.

then they took over payments....

bottom line is that this company went into " Protection Phase ". It might have been because of a little court issue that just recently got resolved.....and a large amount of debt... but that is what it takes to get to Great Technology...

4.3 million is laughable no matter what your talking about here, company, parking lot, building, plant, assets, does not matter...

no bankruptcy....... restructure.... and the property would have been forclosed upon... which it was not.....it was transferred.

only when it transfers to new owners and not a bank.

come on now... do you really believe that folks that were owed 55 million dollars just agreed to have it all expunged away and have the property transfer to a new owner free and clear.... and they gave their blessing to the court too???? your crazy...

keep selling the narrative, your job is almost over.

Yep, so we just got conformation that roughly 55 million of secured debt somehow magically got paid off for that title to transfer to LCY. those ducks are getting knocked down 1 by 1... our turn is next IMO.

liens on properties do not dissipate just because you file for bankruptcy...lol. They must be paid to be able to transfer titles.

if that was the case.... EVERYONE WOULD DO IT!!!!!!!!!!

and this title transferred... GOOD THINGS COMING SOON.......

best I can figure.... WE ARE NEXT IN LINE....lol.

55 million off the title now... wooooo hooooo.....we all know titles love to get transferred without being paid off.....right....lol.

not true. the funds came from PWC funds that all the payouts came from....lol. so ya.. Bioamber paid it.... it was their money....

show me the vesting order please.

ya, for about 15 min...lol.