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HAHAHAH, making up Laws as we go....?
Yes, all of BioAmber Sarnia's Accounts receivable was collected... It's in the Canadian CCAA docs for everyone to read....
NOTHING TO DO WITH BIOAMBER!
"Yes they did take on all the liabilities the day they entered chapter 15."
Not even close to reality...
Thanks for that observation...
Lets get back to the topic of discussion, patently stating false information regarding the current proceedings:
Pwc is well aware how Chapter 15 works... Can't say the same about others...
Perhaps the cancel fantasy crew should do a little research..
This was a consolidation for administrative purposes only and not a consolidation of assets. Entering Chapter 15 Does not change the corporate or debt structure of the 3 corporations....
So you're saying when the Chapter 11 proceedings were dismissed and BioAmber Inc (Delaware) entered into Chapter 15 - recognizing the foreign main proceeding in Canada (CCAA)... BioAmber Inc (Delaware) took on all the liabilities OF BioAmber Sarnia Inc?????
WOW that court document must be missing!!
Have you notified PWC or the US legal representation about this!!??
Worth noting:
BioAmber Inc (Delaware) paid a $250,000 USD retainer to one of North Americas Top M/A Lawyers to represent them PRIOR to the commencement of the Chapter 11 case...
WHY IS THIS RETAINER IN NO PWC CASH FLOW FORECASTS!!!
LOL
Judge Laurie Selber ***Silverstein*** never stated this copy paste fantasy...
So those liens/debt/creditors will be expunged and Canadian debt will be "discharged"?
Or will that debt stay with BioAmber Sarnia Inc and then transfer to the Delaware parent corporation?
Asking for a friend
Will the Canadian Debt be discharged once the CCAA proceeding has been dismissed?
Still have shares? Then they weren't (and will not) be cancelled.
Zero
LCY chemical is now a scam!?!
Wow Excellant DD
Hahahah
Haha they are all part of the court record which has been archived... DD is a great thing
What's your point? Are you suggesting York bought more than 5% to make a 13g filing?
More nonsense
Yes the 10th monitor's which was conviently not served to the service list until AFTER the massive Monday volume....
Why would PWC post that report online before the service list?
Why would PWC post a fake/duplicate motion in August 2018 instead of posting the real motion that states "strategic buyer for the business as a whole"?
Why would PWC leak the names of the 2 qualified Bidders during the DD period of the initial Sisp?
Why would the Judge state he has NOOO idea why those leaked Bidders backed out...!?
Could you please show where in that document it states the land title will "be taken care of soon"?
It sure would cause a massive sell-off if any relevant document could state anything other than Bioamber Sarnia Inc as the LEGAL owner of the land according to THE LAW
So what's the holdup?
The transaction closed 10 months ago!!
We know the liens won't be "cleared" post-CCAA, because BioAmber will not have the status of BANKRUPT according to the judges order, which is being ignored...
1)Monitor is Discharged
2)CCAA proceedings are terminated
3)The judge in his free time volunteers to clear the liens on the Sarnia land...
4)The judge then lets Delaware know its his turn to clear all the reamining canadian debt...
5)The delaware judge informs FINRA (AGAIN) that shares will be cancelled, but we dont know when, so in the meantime allow market manipulation while we allow a ticker to trade knowing the courts are going to cancel it!!
HAHAHHA
DETAILED THE PLAN!?!?! hahahahhaha
Should I post for everyone to laugh at?
The transaction is closed*; with conditions of closing waived...
I.E. The Sarnia Plant is still in BioAmber Sarnia's name according to THE LAW
WOW!
The Wayzata settlement was with PWC, and the only reason it is public is because Wayzata filed it in the court!
Why would PWC make a settlement with an unsecured non-priorty creditor of BioAmber INC.... especially if no funds would be available...????
Wouldnt that be fraud for PWC to make a settlement with an unsecured creditor KNOWING there would be NO FUNDS AVAILABLE!?!
Hahah the Monitor PWC has already been caught in this transparent process hiding a motion from stakeholders...
The August motion was posted in February 2019 after PWC was notified they posted a duplicate motion and even changed to filename to foul those not reading the details...
So August, September, October, November, December 2018... January, February 2019.... Then boom oh shit let's post the motion!!!
So once again where is the motion "filed on or about July 27th"????
This motion gave PWC the powers to oversee the CCAA proceedings.... Where is it!!!!?
BTW the court doesn't upload anything hahahahahhahahahahhahahahaha
PWC uploads to their own website what they feel is worthy... Where is the Settlement with Wayzata PWC made posted???
Could you please post the link to this motion:
I'll give you a hint it's not on PWC'S website
Excellent so shares will be cancelled because of opinions and not THE LAW, excellent spinning in circles. So let's see, The US courts will wind up the Canadian Companies and their debt because of The LAW.
Still waiting for anything remotely close to saying SHARES WILL BE CANCELLED!!!
INVESTMENT IN BIOAMBER INC!!!! THE US CORPORATION!!!
THE COURTS SHOULD BE ABLE TO PLAINLY SPELL IT OUT
HAHAHHAHAHA
STILL CONFUSED WHY PWC, THE US LEGAL COUNSEL OR ANYONE HAS NOT MENTIONED THE COMPANIES BEING WOUND UP OR THE SHARES CANCELLED
Thank for posting those links...
"forming part hereof"
What do you think of the University of Toronto Adipic acid Research project that BioAmber contributed over $1million towards just months before VOLUNTARILY filing for restructuring proceedings....??
What contribution has/will Visolis make to "slide" into that research project??
Visolis took over the BioAmber St Paul R&D lease...
Visolis Hired BioAmbers Senior Scientist who is currently hiring for St Pauls....
Visolis Hired BioAmbers VP of Global Sales who is currently presenting Visolis's "portfolio" of products...
Visolis is currently ordering BioSA from china....
Visolis is now helping the UoT with developing a strain for adipic acid/Bio-nylon from scratch?....
Someone please sticky this post!!! Greatly appreciate the DD!!
Sooo PWC identified a strategic buyer who happened to be a qualified bidder as per the terms in the Call for Bids in the SECOND SISP!!
BUT THAT STRATEGIC BUYER WASN'T FOUND!??
AND IT WENT TO ANOTHER "LIQUIDATION" INSIDE THE SALE OF ASSETS IN LIQUIDATION SCENARIO???
HAHAHAHHAHAHAHA
HAHAHAHAHAHAHAH
AS PER PWCS AUGUST MOTION THAT WASN'T POSTED ONLINE UNTIL FEBRUARY 2019!!
2 STRATEGIC BUYERS FOR THE BUSINESS AS A WHOLE
DEFINITION OF BUSINESS IS PROVIDED IN THE APA
Hahaha THREE SEPERATE ENTITIES!!
BIOAMBER SARNIA INC
BIOAMBER CANADA INC
BIOAMBER INC (US)
Sale of assets in liquidation scenario, not a consolidation of assets...
How's Bioamber BioChemicals doing BTW?
I noticed Mike Hartmann is still currently a Director... That info must be updated within 15 days but I guess PWC forgot.... Along with the LAND Title!