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Post# of 145475
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Sorhay86

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Sorhay86

Re: Moreyn post# 45494

Tuesday, 10/02/2018 5:16:08 PM

Tuesday, October 02, 2018 5:16:08 PM

Post# of 145475
It is a Reservation of Rights, it won't delay the sale. It seems like a smart, precautionary move.

You have to remember that Mitsui already cut BioAmber a break in 2017. Mitsui's divestiture of their equity stake in the Sarnia Plant joint venture was for $1. This decision followed, what was released as, "a review of corporate strategy". Of course, this also allowed Mitsui to negotiate better terms for the marketing and distribution of BioAmber's bio-succinic. They kept 1.3M shares and currently still hold them.

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