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Re: youngster-moon post# 105208

Monday, 06/29/2020 9:32:29 PM

Monday, June 29, 2020 9:32:29 PM

Post# of 145853
Unfortunately there is nobody left to pursue that contract . The judge plainly states the dead company has no tangible assets left or anybody in charge .Thats if one were to actually read and comprehend the judges words .
the Court cannot ignore that
there is no longer any need or chance of restructuring BioAmber as the three corporations
no longer have any tangible assets left nor any funds available to resume their operations
and production of the products needed by Vinmar, without forgetting that all of their
officers and directors have resigned since August 31, 2018 and that none of the secured
and unsecured creditors have shown any interest in pursuing the proposed uncertain and
risky litigious venture

So if the creditors in front of the shareholders see no value then shareholders are screwed.

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