BioAmber Inc fka BIOAQ

[Brucebannerr]

This is what mitsui is crying about . So sorry they are screwed like must everbody who invested in the money losing dream.
Comerica knew how to cover there azz . The motion will be signed . The debt ridden shell will be a debt ridden shell.

BioAmber Sarnia’s obligations under the loan are secured by (i) a security interest on all of BioAmber Sarnia’s assets and (ii) a pledge of all the shares of BioAmber Sarnia. In addition, the Company provides the lenders with a guarantee representing 70% of the secured obligations under the loan, and Mitsui & Co., Ltd. provides a guarantee representing 30% of the secured obligations under the loan that is capped at CAD$6.0 million plus all accrued interest on the secured obligations and fees and expenses. The proceeds of the loan were used by BioAmber Sarnia to complete the construction of the Sarnia Plant and fund its startup and commissioning.