BioAmber Inc fka BIOAQ

[1manband]

So your saying the purchaser paid 4.3 million for a 150 million dollar plant (valued at 35 million in scrap metal and parts) including 2.6 million in cash from Bioamber inc bank account, something more to this deal no one understands

Yes, and no. The cash in the company bank accounts, and any cash recovered from the accounts receivable, were not included in the asset sale. Those monies will be used to pay the costs of the bankruptcy (PwC, the lawyers, the experts, etc.) and then what is left will go to the creditors.

But yes, the plant was sold for $4.3 million. That was best for all stakeholders, which included the employees, community, and governments. Those stakeholders were better served with the plant being sold as a complete entity that could restart rather than for scrap. Which is what they did.