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Re: Penman1 post# 18199

Thursday, 07/19/2018 1:01:21 PM

Thursday, July 19, 2018 1:01:21 PM

Post# of 147467

we have no explanation for, like listing two bidders, and specifying one liquidator in yesterday's monitor report



If anyone here understood the Canadian process better, that would help.
Best way to find answers to your questions is to start with an assumption that the info released by the Monitor was above board and was necessary to Court process.
My conclusions based on what I have said above are:
The release of some of the names of the bidders had something to do with the filing for the retention of employees and/or proof for the Judge that continuing operations of the plant under the DIP is warranted as these named entities submitted qualifying LOI's.
IMO the Monitor would not release info which is not required. Perhaps the named companies expressed a desire to the Monitor for their info to be divulged but that could be viewed as prejudicial.
BioAmber has no control over the Monitor's reporting either, other than putting the best face on any given situation that arises during these proceedings.
So in conclusion... I doubt there was any nefarious reason to divulge these company names.
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