BioAmber Inc fka BIOAQ

[Real McCoy]

All the purchased assets were listed and they were everything of realizable value from all the family of companies. As a failing company driven to bankruptcy protection in the first place, it was hemorrhaging cash, but it was able to cashflow itself from said A/R while it reached agreement to sell its assets. As stated here earlier today, 3.5M was paid to creditors before receipt of the 4.34M, then another 2.3M (everything left at the time net of Monitor and other professional fees) was paid as the final act before the Monitor was discharged.