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Thursday, January 24, 2019 4:42:33 PM
Sure.
The 9th monitor's report is the most current, they report the updates of the SISP in liquidation process up-to the date of filing of the report, which has so far resulted in a bid for the assets announced, the bid of investment and purchase of the business is soon to be announced, stated by Deepak Duagar in Visolis's Letter Of Intent for Investment in Bioamber.
We have yet to see LCY's Letter of Intent for Investment in Bioamber that is mentioned in Visolis's Letter.
LCY Bio-sciences (JV between LCY and Visolis) intends on purchasing all of the Bioambers assets that are in Lots 1,2 and 3.
They offered a UPFRONT purchase price for the assets of $4.3 Million in Visolis's Letter.
PWC provided a Copy of the Service Ontario Land registry in the 6th monitor's report under Lot 1. It is dated September 10th 2018 and shows Bioamber Sarnia as the owner.
All of the Lots and what was includes are now also posted in the 6th monitor's report that was updated December 7th 2018 and reposted online after the "Visolis Transaction"
As of January 13 2019 LCY Biosciences does not own the rights to land of the Sarnia Plant which is included in Lot 1. Bioamber Sarnia continues to be the owner of the Land.
The Land was not included in the Transaction that closed on October 22nd 2018, Bioamber Sarnia is still the owner.
Bioamber Sarnia, Bioamber Inc and Bioamber Canada(if applicable) are all being invested in by LCY and its potential partners through a recapitalization transaction.
Bioamber Sarnia is the owner Sept 10 2018, From 6th Monitor's Report.
Visolis Transaction takes place Oct 22nd 2018.
January 13 2019, Bioamber Sarnia is still the owner of the land.
Bioamber's Ceo Rick Eno, who voluntarily resigned on August 31 2018, had stock options for 1,000,000 shares that were immediately vested and excersizable on that day. Rick is also entitled to 24 months base salary following a "change of control" transaction. Ricks Linkedin was updated after he voluntarily "resigned" to say that the Company ultimately sold after a successful restructuring.
The 9th monitor's report is the most current, they report the updates of the SISP in liquidation process up-to the date of filing of the report, which has so far resulted in a bid for the assets announced, the bid of investment and purchase of the business is soon to be announced, stated by Deepak Duagar in Visolis's Letter Of Intent for Investment in Bioamber.
We have yet to see LCY's Letter of Intent for Investment in Bioamber that is mentioned in Visolis's Letter.
LCY Bio-sciences (JV between LCY and Visolis) intends on purchasing all of the Bioambers assets that are in Lots 1,2 and 3.
They offered a UPFRONT purchase price for the assets of $4.3 Million in Visolis's Letter.
PWC provided a Copy of the Service Ontario Land registry in the 6th monitor's report under Lot 1. It is dated September 10th 2018 and shows Bioamber Sarnia as the owner.
All of the Lots and what was includes are now also posted in the 6th monitor's report that was updated December 7th 2018 and reposted online after the "Visolis Transaction"
As of January 13 2019 LCY Biosciences does not own the rights to land of the Sarnia Plant which is included in Lot 1. Bioamber Sarnia continues to be the owner of the Land.
The Land was not included in the Transaction that closed on October 22nd 2018, Bioamber Sarnia is still the owner.
Bioamber Sarnia, Bioamber Inc and Bioamber Canada(if applicable) are all being invested in by LCY and its potential partners through a recapitalization transaction.
Bioamber Sarnia is the owner Sept 10 2018, From 6th Monitor's Report.
Visolis Transaction takes place Oct 22nd 2018.
January 13 2019, Bioamber Sarnia is still the owner of the land.
Bioamber's Ceo Rick Eno, who voluntarily resigned on August 31 2018, had stock options for 1,000,000 shares that were immediately vested and excersizable on that day. Rick is also entitled to 24 months base salary following a "change of control" transaction. Ricks Linkedin was updated after he voluntarily "resigned" to say that the Company ultimately sold after a successful restructuring.
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