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Post# of 145346
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Koan

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Koan

Re: trader59 post# 86776

Wednesday, 10/23/2019 10:02:06 AM

Wednesday, October 23, 2019 10:02:06 AM

Post# of 145346
The secured creditors of which company?

The Vinmar contract is with BioAmber Inc.

There are three companies here:

1. BioAmber Inc. (US Parent, where the shares are)
2. BioAmber Sarnia Inc. (Canadian subsidiary, the sole shareholder is BioAmber Inc.)
3. BioAmber Canada Inc. (Canadian subsidiary)

It is obvious the Vinmar contract has tremendous value (in the billions). Who has access to that value is another matter. The secured creditors of BioAmber Sarnia Inc. within the CCAA can only push for outcomes over which they have security interest.





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