Thanks but some crucial elements have been skipped over. BioAmber has a minimum $320M of net operating losses. So even if it did provide a max of $67.2M of actual tax reduction. It's in USD!!!
BioAmbers Canadian debt post CCAA/Chapter is roughly $60M CAD or $45.8M USD based on today exchange... that's a minimum of $20M USD difference
So let's try and do better math.
Vertubio which LCY acquired and turned into LCY Biosciences and Nutrition is a US company!! FACT
IRS doesnt have to ignore any rules, that's nonsense.... is LCY going to continue producing BioSA... YES
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