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Monday, February 11, 2019 2:12:51 PM
Strategic buyers for the business as a whole....
The 10th Monitor's Report is right, there hasn't been nor do they anticipate any share transactions in the CCAA Proceedings.
The August 22 Motion for the Extension of the Stay of Proceedings can be found here
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-025_082918.pdf
PWC decided to post a duplicate of the July 27th motion in its place on their website. They even named the file "Fifth Monitor's Report" incase someone accidentally stumbled upon it.
https://www.pwc.com/ca/en/services/insolvency-assignments/bioamber/court-motions-and-orders.html
The missing pieces of the Puzzle are all in that Motion....
KERP...
BioAmber Inc can continue to use its current cash management arrangements and dismissed the Chapter 11 Proceedings...
Strategic buyers for the business as a whole...
Best potential realization for stakeholders....
Negotiate with bidders, and determine the best strategy going forward...
Allow the key stakeholders to evaluate the offers received in order tpo determine which offer will allow for the best potential realisation...
The Monito has asked the Petitioners to seek this further extension...
Mike Hartmann is the President and a director of BioAmber Canada Inc and BioAmber Sarnia Inc.... Where is Rick Eno the CEO of BioAmber Inc....
SHAREHOLDERS ARE SAFE!!
PWC has used specific wording in all documents.. you have to look at the whole picture!!
The $4.3 Million sale of the assets was deemed non fraudulent or undervalued according to filed court docs...
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The 10th Monitor's Report is right, there hasn't been nor do they anticipate any share transactions in the CCAA Proceedings.
The August 22 Motion for the Extension of the Stay of Proceedings can be found here
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-025_082918.pdf
PWC decided to post a duplicate of the July 27th motion in its place on their website. They even named the file "Fifth Monitor's Report" incase someone accidentally stumbled upon it.
https://www.pwc.com/ca/en/services/insolvency-assignments/bioamber/court-motions-and-orders.html
The missing pieces of the Puzzle are all in that Motion....
KERP...
BioAmber Inc can continue to use its current cash management arrangements and dismissed the Chapter 11 Proceedings...
Strategic buyers for the business as a whole...
Best potential realization for stakeholders....
Negotiate with bidders, and determine the best strategy going forward...
Allow the key stakeholders to evaluate the offers received in order tpo determine which offer will allow for the best potential realisation...
The Monito has asked the Petitioners to seek this further extension...
Mike Hartmann is the President and a director of BioAmber Canada Inc and BioAmber Sarnia Inc.... Where is Rick Eno the CEO of BioAmber Inc....
SHAREHOLDERS ARE SAFE!!
PWC has used specific wording in all documents.. you have to look at the whole picture!!
The $4.3 Million sale of the assets was deemed non fraudulent or undervalued according to filed court docs...
/
/
/
/
[img][/img]
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