BioAmber Inc (fka BIOAQ)

[101King_Kong101]

This is a considerable cut to recoveries on behalf of Comerica.
We're talking about splitting the difference after the DIP lender is paid back. Was it +3MM interim financing?
That'd mean a couple hundred thousand in recoveries to Comerica after Maynbridge is paid.
It's just not logical.
They'd have been better off taking the settlement offer months ago or a straight liquidation for scrap.

Or, we can go by what the PWC told us, and what makes more sense: an equity raise is in play.