Here's an update:
There is no second step. It was an option, but the purchaser (LCYB) only bought the assets of the company, and that was everything of value, including the patents, plant, etc., from all 3 BioAmber entities. It is all there in the APA included in the 6th monitor's report, just has to be read, and it did require the approval of both the US and Canadian courts to sell it all in 1 transaction.
BioAmber, Inc., guaranteed much of the secured debt owed by BioAmber Sarnia, too, and since the dead companies are still associated and the debt was not paid, it is still attached to the whole of the company. Likely by now, some of the unsecured creditors have written that debt off, but I would bet "Her Majesty" hasn't forgotten hers.
And, like it or not, this company is dead. It is quite amazing that all the court records, even the 8K's for the resignation of every director and officer and the monitor's reports documenting everything to do with the liquidation and the layoff of every other employee, can be completely ignored in favor of a "theory" that the company must still be alive because it can be found with a Google search.
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.
