BioAmber Inc (fka BIOAQ)

[randomwalk007]

what was the "massive debt ratio"? my recollection is that there was about $60m in debt, mostly held by Canadian and US development agencies. $6-10m of this debt was held by comerica and they refused to budge, so this complicated the restructuring, even though the book value of BIOA was over $150m. i recall BIOAQ was looking for debt in possession financing, which i believe it secured. in any event, whether there is any value here or not, it does seem we require a final sign-off by judge azrack in NY.