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Re: CSCS post# 67066

Tuesday, 04/02/2019 4:59:22 PM

Tuesday, April 02, 2019 4:59:22 PM

Post# of 148025

Once again falsely using this "$80+M debt" figure...
That was debt at the outset of the CCAA proceedings and the majority of it comes from recent financials(from December 31, 2017)... Talk about outdated!

The most recent financials for BioAmber Inc were released on June 8th in the US courts...

Here is BioAmber Inc's Financials as of June 8th, 2018. The most current financials of BioAmber Inc after a record-breaking Q4 2017 and Q1 2018:



From the 10th monitor's report, summarizing the debt and explaining why shareholders will get nothing:





What are Engineering Plans for Plant 2....?
Why is the construction under progress including in the companies assets...?



There won't be a "plant 2" built by BioAmber. It is bankrupt and will soon cease to exist. Nothing is going on related to this company and another plant.

Could you please post the IRS Rule 269 that prohibits BioAmber's Asset of Tax carryforwards from being worthless??
The last I checked they will eventually resume the operations of the Petitioners and manufacture bio-based succinic acid products...


Seriously? No google around?
The assets have been sold, there are no operations to resume. Once it is taken apart, it cannot be put back together. The IRS will disallow NOL use by anybody acquiring a shell with no operations.
https://www.law.cornell.edu/uscode/text/26/269

Why has only 1 patent been assigned to LCYB(The purchaser)....?
Why haven't the trademarks been assigned to LCYB....?
Why is BioAmber still on the Sarnia Land Title....?


LCYB can make their own deals to make their own products at the Sarnia plant. The title is not updated because there are still liens held by the secured creditors that have not been discharged by the judge. That will happen at the end of the proceedings.
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