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Monday, January 28, 2019 7:20:42 PM
All SECURED DEBT has been paid in FULL in CASH
As per the 8th Monitors Report, all amounts owing that are subject to the KERP charge have been paid.
In order to pay the KERP Charges the Interim Lender and the Secured Lenders must be paid in full in cash as per the Third amended and restated Initial Order.
In the 8th Monitors Report the Interim Lender(DIP) was repaid in full on October 26th 2018.
In the estimated cash flow until February 29 2019, there is a forecasted Interim Lender receipt of $2,045,000 as of November 28 2018.
In order for Bioamber to borrow, repay and reborrow from the Interim Lender Maynbridge Capital, they must have the Secured Creditors permission.
The Secured Creditors are getting back only $2,000,000 in an Interim Distribution with the possibility of up-to $1,500,000 more after the recovery of inventory ,accounts receivable and HST rebates.
Why would the Secured Creditors allow Bioamber to borrow more money if they weren't getting paid in full in cash from the transaction(s) with LCY and Visolis.
Why would the Secured Creditors allow Bioamber to keep paying royalty payments if they weren't getting paid in full in cash from the transaction(s) with LCY and Visolis.
Please read the Monitors Reports, court documents and company press releases to make your own judgement on investing in Bioamber.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146300809
As per the 8th Monitors Report, all amounts owing that are subject to the KERP charge have been paid.
In order to pay the KERP Charges the Interim Lender and the Secured Lenders must be paid in full in cash as per the Third amended and restated Initial Order.
In the 8th Monitors Report the Interim Lender(DIP) was repaid in full on October 26th 2018.
In the estimated cash flow until February 29 2019, there is a forecasted Interim Lender receipt of $2,045,000 as of November 28 2018.
In order for Bioamber to borrow, repay and reborrow from the Interim Lender Maynbridge Capital, they must have the Secured Creditors permission.
The Secured Creditors are getting back only $2,000,000 in an Interim Distribution with the possibility of up-to $1,500,000 more after the recovery of inventory ,accounts receivable and HST rebates.
Why would the Secured Creditors allow Bioamber to borrow more money if they weren't getting paid in full in cash from the transaction(s) with LCY and Visolis.
Why would the Secured Creditors allow Bioamber to keep paying royalty payments if they weren't getting paid in full in cash from the transaction(s) with LCY and Visolis.
Please read the Monitors Reports, court documents and company press releases to make your own judgement on investing in Bioamber.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146300809
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