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Re: CSCS post# 85662

Tuesday, 10/08/2019 10:53:56 PM

Tuesday, October 08, 2019 10:53:56 PM

Post# of 145167
Here's an update...

After that document was published in June of last year:

They sold everything in a liquidation
Executives, board, employees all gone
Sold off the spare parts, tools, and inventory, too
Collected up all the accounts receivable
Paid the bills
They've distributed the cash to the secured creditors who were first in line, covered about 10% of the secured debt, none of the unsecured debt or other obligations
Shareholders get nothing

BioAmber is now an out of business, empty, debt ridden shell company with a massive debt remaining.

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