LMFAO!!
What has occurred here is the sale of the vast majority of the assets which ended up being All of the IP, Patents, trademarks, trade names, the Sarnia plant and page after page of items in the APA on about 100 pages. “These assets comprised all of the company’s assets, save and except for the cash, accounts receivable and inventory of the company, and also excluded certain U.S. based office equipment,” said PWC in the release. “The purchaser did not seek the assignment of the company’s contracts which nobody wanted.
LCYB has the plant up and running as we speak and it has Zero to do with former BioAmber in any way other than LCYB purchased it all for $4.34 mil.
The STA was never acted upon and LCYB never paid the back royalties. Guess it’s good seeing Reverdia isn’t even a company anymore
