Sunday, July 25, 2021 8:35:25 PM
The STA Agreement has some interesting information as it pertains to Bioamber...
Let's see
1. The Purchaser reached out to the Monitor wishing it be assigned the Agreement in order for the Purchaser to "POSSIBLY EVENTUALLY RESUME THE OPERATIONS OF THE PETITIONERS(AKA BIOAMBER)".
2. The Monitor believes the STA is an ESSENTIAL PREREQUISITE for the potential resumption by the Purchaser OF THE PETITIONER'S ACTIVITIES. The Purchaser must agree as they reached out to have it assigned.
Can't resume the Petitioner's activities unless the Petitioner's exist.
Lastly...how does BioAmber act ON ITS OWN BEHALF and on the behalf of the Petitioner's when the Petitioner IS Bioamber Inc.??? There would have to be a Bioamber not in the CCAA Proceedings for that to happen. Chew that up in FANTASYLAND.
Let's see
1. The Purchaser reached out to the Monitor wishing it be assigned the Agreement in order for the Purchaser to "POSSIBLY EVENTUALLY RESUME THE OPERATIONS OF THE PETITIONERS(AKA BIOAMBER)".
2. The Monitor believes the STA is an ESSENTIAL PREREQUISITE for the potential resumption by the Purchaser OF THE PETITIONER'S ACTIVITIES. The Purchaser must agree as they reached out to have it assigned.
Can't resume the Petitioner's activities unless the Petitioner's exist.
Lastly...how does BioAmber act ON ITS OWN BEHALF and on the behalf of the Petitioner's when the Petitioner IS Bioamber Inc.??? There would have to be a Bioamber not in the CCAA Proceedings for that to happen. Chew that up in FANTASYLAND.
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