BioAmber Inc fka BIOAQ

[trader59]

The transaction has been described in detail by the monitor, and they did not send the debt with the plant. Why would the monitor be making distributions from the proceeds towards that debt from the proceeds of that sale and other income sources as a partial recovery to the secured creditors if the buyer was taking that debt on?

It was a straight sale, $4.34M for the plant and the other assets directly listed in the 6th monitor's report, as described by the offer letter, the monitor, approved and confirmed by the judge. All the fairy tales about there being another undisclosed secret side deal are false.