BioAmber Inc fka BIOAQ

[angeloh]

Excellent Report Dollar...
Makes me think... The Best is yet to Be for BIOAQ...

Hope this answers few questions which most of us have about the process
Vinay,
Please find answers to your questions below:

1. Did the bidding process already started or are we going to have some kind of auction on Aug 21st ?
(It started last Wednesday and there is no auction planned at this point. We will proceed in a similar way that we did for the first solicitation process. We are asking solicited parties to bid on different lot before Aug 21st and will analyze all offers received at the end of the process.)

2. Will there be any update on PwC website if you have started to receive bids for purchase ?
(No update on specific bids will be updated on the Monitor's report as the process is confidential. Website will be updated at the end of the process.)

3. Do they need to wait until Aug 21 to announce Buyer if they have any or can they announce as soon as some deal is finalized ?
(We'll report on the conclusion of the process in our Court report around Aug 28.)

Let Emile and myself know if you have any further questions.
Regards,
Philippe Blain

PwC | Senior Associate, Consulting & Deals
T: [phone] ext. 1572
Email: [e-mail]
PricewaterhouseCoopers Inc.
1250, boulevard René-Lévesque Ouest, bureau 2500, Montréal QC H3B 4Y1
http://www.pwc.com/ca