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Re: Koan post# 79838

Tuesday, 07/16/2019 9:20:04 PM

Tuesday, July 16, 2019 9:20:04 PM

Post# of 145778
Bioamber Sarnia / Bioamber Canada / Bioamber Inc is the company - all 3 components make Bioamber Inc. Bioamber Sarnia is indeed bankrupt - the company / all 3 entities that comprise the company are bankrupt. Bioamber Sarnia, just like Bioamber Canada are now paper companies with no physical assets or locations on Canadian soil. You will also notice all listed addresses are now listed at PWC's Montreal location at 1250 René-Lévesque Blvd West, search it for yourself...better yet, phone them if you think I'm playing an angle - call the number & see who answers. You're correct about Chapter 11, it was dismissed shortly after the process started but it was changed to a version of it known as Chapter 15 so the CCAA & eventually the liquidation / bankruptcy could proceed in a Canadian court. Chapter 15 is for foreign entities - hence why whatever the final outcome for Bioamber Inc will be decided here in Montreal in the Canadian court system. The Canadian court has said it's over, there is no value left & that means none - NOL's included. It will go to the USA court to be signed off on the Canadian courts decision under CCAA / Chapter 15 to make it official. Nothing more can happen once PWC is discharged, they are the only signing officer for Bioamber Inc and once they're discharged from CCAA, zero will occur afterwards other than the USA court sticking the nail in the coffin with a signature.

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