AI
Monday, April 22, 2019 1:20:55 AM
Ofcourse the NOL's still have value LOL
BioAmber Inc holds the majority of the NOL's and was able to add another ~$91 million USD after the Visolis Transaction...
You see since BioAmber Inc owns 100% of BioAmber Sarnia through common shares and make all make payments through loan and equity contributions to BioAmber Sarnia(The Plant).
Since secured creditors will not be covered by the Visolis Transaction proceeds, BioAmber Sarnia is deemed to have "liquidated" and BioAmber Inc will received no net proceeds for their ~$91 million investment in BioAmber Sarnia shares. That means BioAmber Inc can take a ~$91 million dollar loss in 2018 on just their investment in Sarnia...
That puts the USABLE NOL's at roughly $410+ Million USD
The Purchaser (LCYB) can acquire the shares of BioAmber Inc through a Plan of Arrangement.... By doing so they will be able to take advantage of all the tax loss carryforwards!
PWC would not list the tax loss carryforwards as an ASSET unless they were an ASSET!
The Story has just begun...
PWC's role is to CREATE VALUE! There's a reason they have been paid millions in restructuring fees.
All the information to make a calculated investment decision in BioAmber can be found online in the public forum. Seeking consultation from a Professional Advisor if unsure about any court documents is always a good idea.
BioAmber Inc holds the majority of the NOL's and was able to add another ~$91 million USD after the Visolis Transaction...
You see since BioAmber Inc owns 100% of BioAmber Sarnia through common shares and make all make payments through loan and equity contributions to BioAmber Sarnia(The Plant).
Since secured creditors will not be covered by the Visolis Transaction proceeds, BioAmber Sarnia is deemed to have "liquidated" and BioAmber Inc will received no net proceeds for their ~$91 million investment in BioAmber Sarnia shares. That means BioAmber Inc can take a ~$91 million dollar loss in 2018 on just their investment in Sarnia...
That puts the USABLE NOL's at roughly $410+ Million USD
The Purchaser (LCYB) can acquire the shares of BioAmber Inc through a Plan of Arrangement.... By doing so they will be able to take advantage of all the tax loss carryforwards!
PWC would not list the tax loss carryforwards as an ASSET unless they were an ASSET!
The Story has just begun...
PWC's role is to CREATE VALUE! There's a reason they have been paid millions in restructuring fees.
All the information to make a calculated investment decision in BioAmber can be found online in the public forum. Seeking consultation from a Professional Advisor if unsure about any court documents is always a good idea.
BioAmber is currently in the midst of a complex restructuring through the Companies' Creditors Arrangement Act.
NOT BANKRUPTCY
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