BioAmber Inc fka BIOAQ

[Brucebannerr]

Twitter 363 fantasy back up to save face . Unfortunately the document they are posting only covers the purchaser in the sale of the assets. Now if one were to read and comprehend the 363 bankruptcy code they would see the subsection underlined on that court document is 363(m). Which deals with the purchase of assets and nothing to do with shares .

But there is another subsection of 363 that a buyer should request be part of any bankruptcy sale transaction: 363(m) – the good faith finding. A finding under this section will often protect the buyer from any reversal of the sale on appeal, because it will render the appeal moot and allow it to be dismissed. If a party appeals the order approving the sale, there is a good faith 363(m) finding in the order, and the party fails to get a stay to stop the sale from closing: then once the sale closes, the buyer is protected and the appellate court cannot unwind the sale.