BioAmber Inc (fka BIOAQ)

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There's NO debate this was a Qualified Bid as clearly noted below. Qualified Bids had to meet the following conditions shown below including addressing Recapitalisation. If required by the Qualified Bidder the currently outstanding shares would be cancelled by way of amendments to its articles. So just a recap; PWC knew that shares would be cancelled and PWC as monitor with the extended powers to file those amendments to cancel shares; for the last 9 months willfully allowed the shares to continue to trade?? It's clear as day PWC is sick of shareholder involvement! Why didn't PWC just come out and say exactly what it says in the Request for Binding Offers: "All currently outstanding shares of BioAmber would be cancelled by way of amendments to its articles"?? Why wouldn't they just go on the record in Court and expressly say: "All currently outstanding shares of BioAmber would be cancelled by way of amendments to its articles"?? USE THE DAM WORD "CANCELLED" and PWC wouldn't have had to deal with Henry or shareholders for the last 9 months and waste the Courts time for the last month. But did you notice (c) under Recapitalisation? The net proceeds would be used to settle all or part of BioAmber's outstanding obligations. That will be a positive result for all the debtors stakeholders. Remember that when the share purchase is announced. It would mean PWC knew about it all along; which is why they never use the word "Cancelled". And remember this; PWC closed all of BioAmber's accounts. So when the share purchase is announced the money is going into the trust account under PWC's control. That's why they wanted the extended protection from the Court.