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Monday, April 01, 2019 9:27:12 AM
BioAmber Produced BioSA at the plant's nameplate Capacity in 2018 Q1...
BioAmber did this and then voluntarily filed for Restructuring proceedings to avoid reporting the Q1 results. By doing this BioAmber was able to get the courts protection from creditors and it proved to potential purchasers that the plant could produce at full capacity and provided all data to those who signed an NDA and wanted access to the Data Room. The Sarnia facility is the largest and lowest cost producer of BioSA in the world.
~$9.1 Million in A/R in just 10 weeks from January 1st to March 11th!
"BioAmber is in the midst of a complex restructuring"
BioAmber did this and then voluntarily filed for Restructuring proceedings to avoid reporting the Q1 results. By doing this BioAmber was able to get the courts protection from creditors and it proved to potential purchasers that the plant could produce at full capacity and provided all data to those who signed an NDA and wanted access to the Data Room. The Sarnia facility is the largest and lowest cost producer of BioSA in the world.
~$9.1 Million in A/R in just 10 weeks from January 1st to March 11th!
"BioAmber is in the midst of a complex restructuring"
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