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iron-eagle
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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!!
IE
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?
IE
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.
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!
IE
Hey thats the same address as Bioamber Sarnia where the shares of that Corp were pledged as security (have value), the shares were described as assets by the CFO in Court filings (have value), and the former CEO bid on the shares of BA Sarnia (have value)!
Thanks for confirming buddy!!!
IE
THERE'S A REASON FOR EVERYTHING
THERE'S A REASON FOR EVERYTHING
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!!!!
IE
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...
https://www.ricoh.com/
Happy hunting!
IE
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!
IE
PS-363 in general is mentioned all over the place
I'm hanging on to all my shares because we're moving to a new Local Operating Unit. Must be that Public Servant screwing around again!!!!
BAHAHAHAHAHAHAHAHA
IE
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"...
Hanging tight,
IE
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
IE
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!
IE
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:
There is no such thing as the invisible huge "naked" short positions claimed by the pumpers on the interwebs.
So this statement would prove accurate when it comes to naked shorts and Bioamber:
Any short sale that a market maker may make doing his job has to be covered either with a share purchased or borrowed by the 3rd business day after the trade or it would become a failure to deliver (FTD's) which is published data.
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.
https://www.lcygroup.com/lcygroup/download/LCY_2021_ESG_en.pdf
Best,
IE
This statement should be revised as it pertains to Bioamber:
I disagree with Iron Eagle indicating PwC was appointed twice
I can't figure out why PwC filed a Form 3 on March 3, 2020 and titled it
IN THE MATTER OF THE PLAN OF ARRANGEMENT OF
Business and Financial Controller of
BioAmber Sarnia Inc., BioAmber Canada Inc. and BioAmber Inc.
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!!
IE
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...
IE
Wow nice DD........ So the split occurred on May 9, 2013 and just showed up on Fintel??
Our securities have been traded on the New York Stock Exchange, or NYSE, since June 10, 2013, when the units issued in our initial public offering on May 9, 2013 (trading under the symbol “BIOA.U”) were split into our common stock,
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
IE
PS-Is there a shareholder advocate available...BAHAHAHAHA
