BioAmber Inc fka BIOAQ

[Brucebannerr]

Of course we can always go with the facts . Not sure what part about the debt not being paid is hard to comprehend. Or the part about no plan to pay it . Debating the definition of an upfront payment with a 15 year old is entertaining though. Read the part about no plan real slow . Lmfao
As previously reported to the Court in our role as Monitor, the tangible assets of the Companies were sold. There were insufficient proceeds from those sales to satisfy the claims of secured and unsecured creditors in full. The Monitor has distributed the funds in its hands from the liquidation of the Companies' assets to the secured creditors of the Companies as directed by the Court.

There was no plan of compromise or arrangement made in the CCAA Proceedings in respect of the Companies to otherwise address creditor claims. As such those claims remain outstanding and rank in priority to equity claims.

All parties are referred to the prior reports of the Monitor in the CCAA Proceedings regarding the results of the proceedings.