Yeah getting a good look at Canada. Where the OSB hasn't discharged the Bioamber case; Corporations Canada can't dissolve the BA Sarnia and Canada Federal Corporations because of that; and the CIPO just granted a patent to Bioamber Inc., US today 2023/11/28. Keep up the effort; at least you're humoring me!!
HEY!! Just the PWC guy I was looking for!! So my associate actually contacted Corporations Canada and requested they dissolve Bioamber Sarnia and Canada for non compliance. The Senior Compliance Officer was unable to process the request even though it was noted "Neither corporation has filed recent Annual Returns, which would normally result in the dissolution of these corporations (Corporations Canada will administratively dissolve a federal corporation if it has not filed Annual Returns for two consecutive years). My associate pressed the issue a little further asking what they saw on their end that prevented the dissolution. The response: "If a corporation is currently in bankruptcy proceedings, then the administrative dissolution for non-compliance is essentially paused. The logic therein is that the corporation needs to remain active in order to carry out proceedings relating to the discharge of that bankruptcy, and these proceedings often require the corporation to have an “active” status. Once the bankruptcy proceedings are completed, then the corporation (or a creditor/trustee) would have to manually file articles of dissolution to dissolve the corporation. So, in short, until Corporations Canada has received those articles of dissolution, the corporation would remain “active” in our records, as the assumption is that bankruptcy proceedings are still ongoing. Only the Office of the Superintendent of Bankruptcy (OSB) has the authority to determine whether a bankruptcy has been discharged or not."
So the question must be asked: Since only the Office of the Superintendent of Bankruptcy (OSB) has the authority to determine whether a bankruptcy has been discharged or not; why has the OSB not given a discharge status and effective date as of 11-27-23?
PS- if you want to comment on both corps having $0 value for assets when filing; i'd entertain those comments - as well as how $0 in assets relate to an ASSET PURCHASE AGREEMENT when there are $0 in assets claimed.
And what criteria would help identify a basher of Bioamber? What would one do; that would help us see they were involved with policing the thoughts of shareholders who know what "forecast fees for the SALE OF THE COMPANY" mean? No red lines or snippets to confuse you this time; just the words the Monitor filed with the Court. If a basher read those words in a report about Bioamber ("forecast fees for the SALE OF THE COMPANY"); what activity or words would help us identify that sort of con man??? I'll be here til you're gone - which is after the "the SALE OF THE COMPANY" as reported to the Court. You are the actual Con Man...
The Technical Bid will be opened first and only those firms, which fulfill the technical terms & conditions will be eligible for participating in the Financial Bid. Financial bids of those firms who do not qualify in technical bids would be returned un-opened.
A technical bid is a proposal submitted in response to a request for proposal (RFP) that focuses on the technical aspects of a project or product. It typically includes details about the proposed solution, the qualifications of the team that will be working on the project, and any relevant technical information or specifications. The purpose of a technical bid is to demonstrate that the company or team submitting the bid has the technical expertise and capabilities to successfully complete the project.
Investment in Bioamber Inc of 4.34m-forecast fees for the sale of Company-5 year business plans submitted-capital improvements required...bring on the financial bids
hard lessons c'mon
5 years and they can't figure out how to file a power of attorney??? I'm sure it'll change after the forecast fees relating to the "the sale of the Company" are all disclosed. Lots of people living in the past "liquidation" when the forecast includes "the sale of the Company". Keep up the effort you cockroaches...mediocre as it is!
IT'S OK...it's clear you read that paragraph and corresponding information and have nothing...actually less than nothing-it's quite humiliating i'm sure . You want to argue with PwC's lawyer about the "preservation of the remaining assets" as he detailed it - go ahead - your issue is with him and PwC and how they handled things. I'm just sifting through the facts published and unpublished. I guess upfront is really going to be a hard lesson!
Preservation of the current remaining assets on December 3, 2018 when the Monitor's certificate is dated Oct 22, 2018??? The Monitor already has possession or control of Bioamber's assets that are not already sold as of December 3, 2018??? No third party party can deal with these assets unless what??? I guess that's why LCYB is borrowing money and operating at massive losses since all they bought was the Company's operation...aka Section 167 sale. PwC's attorney Marc must be insane lol!!!!
Ps- assets not sold on December 3, 2018...GOOD STUFF
All this time spent trying to convince shareholders that BioAmber doesn't exist should be focused on telling Ricoh Company that there is no way they obtained plant-derived succinic acid [available from BioAmber Inc.] in an application filed roughly 6 months and published on August 24, 2023. Here I'll get you started on your way. Let me know what they say. See if you can get them to change it LCY Biosciences...
The interest in Bioamber is for a reason. We still hold assets of value. Debtors counsel says "BioAmber completed the sale of certain assets in October 2018". Opposition parties claim that means all the assets. Court documents prove otherwise. The key is what did the court recognize as assets of value? What did creditors recognize as assets of value? What are the notable assets or in other words: what are the assets worthy of attention? A: The shares of Bioamber Sarnia. The shares must be of value if they are used to secure funding by secured creditors!! And we know they are worth money since Greenfield wanted to acquire the shares of Bioamber Sarnia (not even the assets) and was willing to offer up quite a bit cash to do so. Opposition parties are here for a reason; believe it!
PS-363 in general is mentioned all over the place
I wouldn't worry about Captain Fire Sale when it comes to Bioamber. Captain Fire Sale is busy having a drink with Christian Bourque trying to figure out a new angle to demoralize BIOA shareholders into closing their position since the "advocate" angle didn't work. Captain Fire Sale has an office at PWC where he pounds a keyboard for CB and MIca.
They keep saying Bioamber Sarnia and Canada will be dissolved but none of them post what the APA says about Corporate Names! Can't imagine why and what tax purposes relate to Bioamber Inc???
I'm curious about what PwC said about the future of Bioamber after the "liquidation":
1. What are the forecasted fees for?
2. What is the definition of the "Company"?
Just didn't say how long of a forecast they had. Therefore the concern still; over what is being described as "dead stock"...
Those bioa shares are in your account because the Monitor, the Courts that specialize in this area and all the high powered attorneys working on the corn sludge company………couldn’t figure out how to get rid of them!!! BAHAHAHAHAHAHAHAHAHA what a fantasy that is LOL!
Patiently waiting for the forecast consultant fees associated with Bioamber in the CCAA that retained certain employees to assist with selected issues relating to the operations and SALE OF THE COMPANY. Forecast fees months after the hogwash "asset sale" of BioAmber LOL!! Forecast time frame reminds me of a great lyric: "Bank man says he likes me but there's nothing he can do; he tells me that he's coming but the clouds are coming too; he ain't my friend - and I'll ride again." $BIOA
The answer is with the accumulated losses of LCY Biotechnology Holdings of over $50m usd. How do you sell that much biosa to Mitsui and even more to others and have stories of Bioamber’s assets rising from the ashes while clearly reporting losses of over 50m???
Exactly!!! PwC on behalf of BioAmber shall only consider bids who meet the following conditions ("Qualified Bid"):
If it wasn't a required condition it would say "(if applicable)". Only part that says "if applicable" is in respect to the Assets...not mandatory.
Item (e) - Recap with a purchase price/subscription price for the Common Shares.......I'm looking but it doesn't say "if applicable" - sounds mandatory :/
Thats how it reads. ALL part of a liquidation PLAN - probably why they forecasted fees for "the sale of the Company"
No naked shorts here!
Just for fun I went back to May 2018 (second half) to see how many FTD aka "naked shorty's" there were were for Bioamber...remember this claim:
So this statement would prove accurate when it comes to naked shorts and Bioamber:
Well the English version of the 2021 ESG is out. No translation needed. Authored by LCY with their description of what has transpired. 2019 “Acquisition of BioAmber”. Can’t blame google translate anymore. Time to roll.
This statement should be revised as it pertains to Bioamber:
I can't figure out why PwC filed a Form 3 on March 3, 2020 and titled it
Bioamber has no assets or production is hilarious. They acquired sinoven. What does this say about the assets of sinoven? And wasn’t there an HR firm in Shanghai on the creditors list? I’ll just hang tight if that’s ok. Can someone point to the production facilities in Shanghai in the apa…..or is the HR firm just a mistake lol!!
LOL... thinking that you can dictate "my timeline" when it comes to Bioamber's positive result is insane!!! You can start your count down now or at 100 days because it won't mean anything to me. The day you control anything I do thats Bioamber related is a day that will never happen. So start the countdown now or later but my original time frame was altered by events outside of my control. I mean the notion that you can control someone else's time frame is just narcissism.
Have a great evening,
Now that they pulled LCY from going public via KAHC and PwC hid the successor of Bioamber-all time frames are out the window... I'll be here til we get paid or the positive result reported in the US paperwork is announced. I'm not going anywhere until then. But I will say watching the emails from my associate go to the OSB and Courts is much more entertaining than mopping the floor with the hogwash put out here.
Aguila de Hierro
Well since the split showed up before the Monitor was discharged on December 23, 2019 all questions regarding the split should be answered by PwC since they were in charge. And then someone explain why BioAmber shows as listed on Euronext Paris with the exact OS we were suspended at? Because 129.45m shares out is way more than when they were listed on Euronext prior. Wasn't there a French Sales Order mentioned in the paperwork??? Yes there was.
I mean Bioamber had a successor before the bid deadline and they hid that so i'm sure they committed some other shady hogwash without the proper filings. But don't worry it'll all come out in the wash...
Wow nice DD........ So the split occurred on May 9, 2013 and just showed up on Fintel??
Don't look past the fact that the bidders in the "liquidation" already knew they were doing this to support BioAmber's successor 2 days before bids were due in the liquidation. That makes all these bids hogwash because non of them are from BioAmber's successor but from those supporting the successor. Either way looks like PwC has some questions to answer. My associate already emailed the judge and formally filed a complaint with the OSB. I'm sure it'll all shake out in the long run...BioAmber's successor LOL
PS-Is there a shareholder advocate available...BAHAHAHAHA