BioAmber Inc fka BIOAQ

[CSCS]

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

So Continuity of Business is there.

Thanks for the opinion

BioAmber’s $320M of net operating losses would provide a maximum of $67.2M of actual tax reduction and that is less than the debt BioAmber still owes. That would require the IRS to completely ignore their own rules for use of NOL’s in acquisitions, as BioAmber’s are completely worthless.