Home > Boards > US OTC > Biotechs > BioAmber Inc. (BIOAQ)

Let me spell this out again.

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trader59 Member Level  Thursday, 08/15/19 02:18:06 PM
Re: Tymoon22 post# 82416
Post # of 91323 
Let me spell this out again.

This company asked for protection from creditors from a judge. When they do that and it is granted, the judge approves everything, period. There are no side deals, some things "in" CCAA and some things "out" of CCAA, the judge approves everything. If the judge has not approved it, it hasn't happened and won't happen without the judge's approval. There is nothing outside the judge's or monitor's purview once the process is entered. Nothing.

This judge closed the CCAA proceedings, and didn't say "upon filing the certificate" just to secretly prolong the process so they could be opened up again and approve this fictitious super secret megamillion dollar side deal. All of that is a manufactured fairy tale to unload the dead stock in this company.

The JV owns the plant, and that has been clearly and directly documented by both the judge and monitor. They have not yet operated the plant. The whole transaction was described by both the judge and monitor, and there is absolutely no reason for them to withhold information about the fictitious super secret megamillion dollar side deal. None. Why would they do that? Nobody can answer that question because everybody knows the judge and monitor have disclosed everything.

BioAmber's website displays a canned GoDaddy page when there's a URL, but no index page loaded. The website was taken down.
The land is owned by the JV per the monitor and the judge. That title will change once the liens shown on that page held by the secured creditors are released.
The letter of intent for $4.34M was accepted and that transaction is now closed. The entire $4.34M was paid "up front," and that's all that's coming per the monitor and the judge.
BioAmber's remaining contracts are worthless, otherwise someone would have had the judge assign them.

The funniest part is these manufactured fairy tales keep getting more and more ridiculous.



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