The 7/31/18 court order addresses employee and contractor expenses and is all a carryover from the original May bankruptcy filing. It's difficult for any company to maintain its promises to the workforce when it's struggling to keep the lights on.
I believe that maintaining payroll was a top priority for $BIOAQ and some longer term payables needed to suffer.
However, I doubt your theory of a decade long, multi-national conspiracy and think negative market forces and bad management decisions got them here.
DNP Green Technologies and French ARD built the "starter" plant in Pomacle, France in 2009. It is a 2,000 MT capacity brewery. It was a proof of concept. The Sarnia plant was conceived and started at a time the whole world was paying record prices for oil: 2012 = $110/barrel, 2014 = $95/barrel. When Sarnia came online, oil had dropped to $40/barrel... and here we are. Now 2018 and we're heading back up to $70/barrel. Suddenly, bio alternatives are cheaper than petro-based succinic acid.
Time has been the enemy of $BIOAQ. Companies that embrace renewable technologies know the future of oil is FAR more risky.
