BioAmber Inc (fka BIOAQ)

[1manband]

Actually no because the sisp was only open to a few companies lcy and visolis could not have been

Not correct on both counts.

The SISP was open to anyone. BIOAQ filed bankruptcy in the US, and its status, and availability for bids, was public and widely known. The Monitor, to help the process along, contacted 97 possible bidders, but by no means was the process limited to just those 97.

Also, anyone could have bid on the entire company at any time before the liquidation was final. They were fully open to any offers, as the documents state. But again, no one did. There was absolutely no interest in the stock, or the massive debts that came along with it.

And PwC makes it VERY clear in the documents that LCY/Visolis WERE bidders during the SISP phase, but only on the assets, not on the stock.