AI
Wednesday, October 23, 2019 8:34:56 AM
The fairy tales about this company are spinning wildly, social media is getting restless after the vesting order appeared on the title. It is a vesting order, says so right on it.
The vesting order giving ownership of the Sarnia plant and other assets to the joint venture is on page 3, paragraph 15 of this (excerpt included below):
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-032_091918.pdf
Read what the judge ordered with respect to the property. The title now reflects this vesting order. Once the liens held by the secured creditors are released and cleared from the title, the ownership reflected will change. Make no mistake about it, this plant has been sold to the joint venture. It is in their possession, and they're preparing to operate it.
The vesting order giving ownership of the Sarnia plant and other assets to the joint venture is on page 3, paragraph 15 of this (excerpt included below):
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-032_091918.pdf
Read what the judge ordered with respect to the property. The title now reflects this vesting order. Once the liens held by the secured creditors are released and cleared from the title, the ownership reflected will change. Make no mistake about it, this plant has been sold to the joint venture. It is in their possession, and they're preparing to operate it.
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