AI
Tuesday, April 28, 2020 9:58:28 AM
All that it takes is reading through the monitor’s reports if one wants to know the facts.
The 10th monitor’s report gave a good explanation of all the liabilities of the company:
In the motion for an initial order, they discussed the secured credit and ranking in good detail. It begins on page 11:
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-008_060618.pdf
And in the 12th monitor’s report, there was a good roll up of the receipts and payments and a discussion of which loans were being paid first and how much. Of course that left some of the lower ranking secured notes with nothing:
https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-061_052119.pdf
In previous reports, there were discussions about allocating the proceeds of the liquidation to the 3 entities of BioAmber which also impacted the payments.
All it takes is reading through them, and they’re a great read for the first time ever.
The 10th monitor’s report gave a good explanation of all the liabilities of the company:
In the motion for an initial order, they discussed the secured credit and ranking in good detail. It begins on page 11:
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-008_060618.pdf
And in the 12th monitor’s report, there was a good roll up of the receipts and payments and a discussion of which loans were being paid first and how much. Of course that left some of the lower ranking secured notes with nothing:
https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-061_052119.pdf
In previous reports, there were discussions about allocating the proceeds of the liquidation to the 3 entities of BioAmber which also impacted the payments.
All it takes is reading through them, and they’re a great read for the first time ever.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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