BioAmber Inc fka BIOAQ

[fireballka7]

so what your saying is... is that sarnia went BK, went to liquidation, got sold for 4.3 million dollars and everyone got screwed...including the QUEEN. Then.. the company that bought it turns around and makes the exact same thing as Bioamber did scot-free with no liens on the 180 million dollar property?

And they excepted that fate?

Knowing that the company was going to continue making the same product and expanding?

I don't see it that way.

That Land was collateral for the loan from the QUEEN....you think they just let it slide on out for pennies? Its called Secured Debt.

JUST THE LOT OF THE PLANT WAS WORTH WAYYYYYY WAYYYYYYY MORE THAN 4.3 MILLION BUCKS !!!!!!!

The Building and Land value was 129 million. It cost 90 to 100 maybe even 110 million to build the plant, i forget ...so if we do some math...that leaves about 19 to 39 MILLION DOLLARS for the Land Value.

I guess they thought they could never sell it to another owner. lol.