BioAmber Inc (fka BIOAQ)

[TenKay]

I am referring to the same "Qualified Bid" as you are in your post. And since it appears that distinction is important for some reason, or not obvious in what I posted...I will do so again with the "caps"...to reinforce the point as it is worth reading again.

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That is a misinterpretation of what a "Qualified Bid" means. It simply means it meets the requirements in form and content to be considered. It is therefore "qualified" for consideration.

Within the definition of what constitutes a "Qualified Bid" they provide the various criteria should the bidder decide to "bid" on any aspect of BioAmber Inc.

In the case of an offer for the equity of the company, the terms provide the required content.

IT DOES NOT MEAN THAT A BID FOR THE EQUITY IS REQUIRED TO MAKE THE BID QUALIFIED.

Refer to item 7(c) specifically

(c) It pertains to the acquisition of the Assets, or some of them, exclusively OR to the Recapitalization"

"OR" simply includes it as an option.

There is ZERO evidence ANYONE made a offer to recapitalize.

If folks think "Qualified Bid" means that someone has made an offer for the equity of the company, they are going to end up being disappointed.

There is no evidence anyone has especially after the failure of the SISP to attract any buyers of the company.

A lot of hard lessons are coming when this is over.