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Re: trader59 post# 85126

Thursday, 10/03/2019 10:42:23 AM

Thursday, October 03, 2019 10:42:23 AM

Post# of 145346
Nah.

PwC has both hidden and not disclosed a slew of information; of course, the most obvious indication of this comes from PwC themselves and posted right on their website:

For efficiency and confidentiality purposes, the Monitor cannot respond to the many questions submitted by BioAmber’s shareholders.


There's that pesky word "confidentiality", followed by "purposes". In the English speaking language, the word "purpose" means the reason something exists. So, what PwC is communicating to both the public and BioAmber shareholders is two-fold:

1. There is confidential information.
2. Questions cannot be answered due to this reason of confidentiality.

Additionally, as has been stated many, many, many times, there are three companies being addressed here:

1. BioAmber Inc. (US parent company, where the shares are)
2. BioAmber Sarnia Inc. (Canadian foreign subsidiary, of which BioAmber Inc. is the sole shareholder)
3. BioAmber Canada Inc. (Canadian foreign subsidiary)

Because this is a legal proceeding at large, each of the three companies must be treated independently. That is important as it at once creates a great deal of complexity.

Other immediate things of note:

1) The CCAA proceedings have not been terminated.
2) The Monitor has not been discharged.
3) They stay of proceedings is in place as long as the CCAA is still ongoing.
3) The US Judge has not recognized the CCAA's final Judgement (mandatory, not optional).
5) No Discharge certificate has been filed as of today October 3rd, 2019.

Govern yourselves accordingly.

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