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**Generic bankruptcy warning **
SHARES ARE NOT CANCELLED
HAHA just going to bypass all the legal requirements of an active corporation in the State of Delaware that wishes to dissolve...
NO SHARE CANCELLATION
NO DELAWARE HAMMER
NO FINRA HAMMER
I don't even know how to answer this...
I'll let each be their own judge on this fairytale "chapter 15 liquidation"
But the difference between Chapter 7 and Chapter 11 or 15 is Night and Day...
Logic = 0
Seriously????! Blantly false information not related to BioAmber INC!!!
That is from CHAPTER 7 BANKRUPTCY!!!
WOW
CHAPTER 7 = NEVER HAPPENED
CHAPTER 11 = DISMISSED
CHAPTER 15 = SOON TO BE DISMISSED
AMOUNT OF SHARES CANCELLED = ZERO!!!!
corporations and LLCs don't receive a debt discharge. It isn't needed. A creditor can't collect from the company once it's no longer operational.
Where did the documents say the common shares will be wiped out?
WOW
CANCELLATION FANTASY IS OUT OF STEAM!!!
WHAT HAPPENED TO THE DELAWARE JUDGE BRINGING DOWN THE HAMMER!!!
WHAT HAPPENED TO THE DELAWARE JUDGE ELIMINATING THE COMMON SHARES!!!
WHAT HAPPENED TO FINRA TAKING CARE OF THE TICKER!!!
SHARES REMAIN INTACT!!!!!!
Recognizing the Canadian CCAA Distribution and terminating Chapter 15 and CCAA Proceedings!
First time reading the court documents can be confusing with share cancellation bias
BUY IT AND POST IT!!!
YES THE FINAL PROPOSED ORDER THAT WILL BE FILED IF THERE ARE NO OBJECTIONS IN THE NEXT 30 DAYS
ID RECOMMEND READING THE US RECOGNITION COURT DOCUMENTS!!
NOOOOOO SHARE CANCELLATION!!!!!
Buy it and post the part about the common shares being cancelled...
Its a US court filing why would it appear on PWC'S website???
PWC/US counsel have filed for US recognition of the Final CCAA Judgement along with closing the Chapter 15 proceedings. No further motions or orders will be filed... including the SHARE CANCELLATION and corporate WINDING UP
NO SHARE CANCELLATION
CCAA WAS THE MAIN PROCEEDINGS NOT DELAWARE
*** DRAFT FINAL ORDER ****
THEY FORGOT TO MENTION SHARES WILL BE CANCELLED MAGICALLY HHAHAHHA
HAHHA the draft order? didn't read the last page that isn't signed yet?
One major missing point is:
NO SHARE CANCELLATION!!!!
Hahahaha notify FINRA of what!?!?
NO SHARE CANCELATION!!!!
WAHOOOOO
Bahahha what happened to Delaware judge shutting this thing down and wiping out the shares!!! Didn't see that fantasy spin in any of the court docs bahahahha
So let me get this straight...Canadian secured creditors of BioAmber Sarnia should have forced US contracts regarding BioAmber Inc without any authority or security over these contracts/assets? hahahah fantasy time 101
You said it perfectly!
"Confirmation bias is a powerful thing. It causes theories to be formed in the absence of evidence"
I recommend reading every document relating to the BioAmber Group of Companies in conjunction and not just snippets to suit an absurd cancellation fantasy thats backed by zero documentation in a poor attempt to acquire cheap shares...
Hahah no money from the Visolis transaction for US assets was allocated to the Canadian secured creditors. Pwc plainly stated in court filings that the Canadian Secured creditors have ZERO Authority over US assets or shares!!
3 SEPERATE CORPORATIONS!
THE CCAA IS NOT A CONSOLIDATION OF ASSETS OR LIABILITIES!
BIOAMBER INC STILL RETAINED SUPPLY CONTRACTS, LICENSING AND NON ASSERTION AGREEMENTS WITH MCC AND CARGILL PLUS A LICENSE FROM JM DAVY FOR PRODUCTION OF 1,4 BUTANEDIOL!
FAR FROM EMPTY SHELL FANTASY!
Hahaha your forgetting the secured debt is attached to the Canadian subsidiary Bioamber Sarnia Inc. NOT BIOAMBER INC (US CORPORATION THAT BIOAMBER SHARES ARE ATTACHED TO AND STILL HOLDS CONTRACTS AND ASSETS)
This is not a consolidation of assets and liabilities!!!
Waiving the conditions to the closing is also pure Fact!!
The only thing not a fact is the cancellation fantasy
Hahahahaha what did the Bioamber officials say when you asked when shares were gonna be cancelled
LOL
DOCUMENTS > SPECULATION
Cancel fantasy is pure speculation
Ontario Land Title vs pure speculation
Hahahaha except no dump!!!!
It's not hidden!!! CONFIDENTIAL bahahaha
Ya realize a Share Subscription Agreement is a confidential document
When do ya think PWC will seek US recognition of the final CCAA order? It's been 3 months and that was the final remaining matter
GOOD morning as always
THANKS FOR THE CONTRIBUTION!
1 BIG PROBLEM!
NOTHING TO DO WITH BIOAMBER INC
HAHA okay...
1) The CCAA proceedings have not been terminated
2) The Monitor has not been discharged
3) They stay of proceedings is in place as long as the CCAA is still ongoing
3) The US Judge has not recognized the CCAA's final Judgement (mandatory, not optional)
5) No Discharge certificate has been filed as of Today October 1st 2019
The stay was not extended. It is over. The monitor's certificate discharges the monitor and formally closes CCAA. It only has to be filed, no other court action required.
Recommend reading that judge's order. Scrolling past the discussion (where the judge essentially calls BioAmber and empty, debt ridden shell company) is allowed, just get to the last couple pages to read the judge's orders. A great read for the first time ever.
HAHA okay man...
1) The CCAA proceedings have not been terminated
2) The Monitor has not been discharged
3) They stay of proceedings is in place as long as the CCAA is still ongoing
3) The US Judge has not recognized the CCAA's final Judgement (mandatory, not optional)
5) No Discharge certificate has been filed as of Today October 1st 2019
"The stay was not extended. It is over. The monitor's certificate discharges the monitor and formally closes CCAA. It only has to be filed, no other court action required.
Recommend reading that judge's order. Scrolling past the discussion (where the judge essentially calls BioAmber and empty, debt ridden shell company) is allowed, just get to the last couple pages to read the judge's orders. A great read for the first time ever."
Haha the only similarity is the Q on the end of the ticker from voluntarily filing for a stay of proceedings...
Thanks for your expertise
Hahah so the Monitors Discharge Certificate has been filed then??
NOPE!!
SMH
Hahaha good thing is far from Chapter 7 and Chapter 11 was dismissed
Welcome DD king
Have you read them yet? Still here along with the common shares
LOL!
The problem with this "opinion", is that the resulting process is covered by an NDA and confidentiality agreement:
"The problem with "non-publicly disclose" or any other fairy tale term attached to this fictitious transaction is they can't do that. The judges would have to approve any such transaction, and these judges did no such thing. In fact, the CCAA judge approved a small partial recovery to the secured creditors and closed the proceedings. Why would the monitor move for such a thing and the judge approve it if there was a "pot of gold" large enough to pay all the debt in addition to buying the equity in the company? (Notwithstanding the SEC filings required for such a deal and the "invisible" LOL tender offer made to the shareholders).
Fact is, they cannot withhold disclosure of such a deal, and did not, because it didn't happen."
Nothing is "Hidden" or "Secret"...
Non-publicly disclosed is the term your seeking
If you have any confusion regarding the class action SETTLEMENT, including where the money is coming from... I suggest contacting The Rosen Law Firm.
Nah...
This is far from the truth and can be verified very simply by purchasing this official court document and READING it. Heres the link:
https://www.pacermonitor.com/public/filings/DWINSFQI/Chu_v_BioAmber_Inc_et_al__nyedce-17-01531__0053.0.pdf
States very clear in English that ALL parties have reached a settlement in principle and have executed a term sheet.
Rosen addressed the Court on Behalf of ALL defendents...! ALL, not some, not a few, not everyone excluding Bioamber Inc.... ALL
"Nothing has been settled. The only thing settled is a 45 day stay on a class action suit . In a completely different court . And the sale of a vast majority of all the assets. Nobody can produce any settlement regarding the debt ridden insolvent empty bankrupt Delaware shell."