No clarification, assets were acquired through fire sale/privatizations.
Nemaska Lithium was the most complicated CCAA file that I have witnessed and fought for on behalf of shareholders. Note, I am heading the file and potential class action being evaluated by a specialized law firm. As I am not a Nemaska shareholder, I cannot become the plaintiff.
PwC Monitor was in charge of BioAmber, Orbite Technologies and BioSyntech files. Nemaska board did not resign, hence, Monitor had a limited role.
Quick question, In any of the cases you mention did PWC the monitor release a statement clarifying that the Tangible assets had been sold during ccaa proceedings? Keep in mind that said statement was issued in 2020.
"Success is never final and Failure never fatal. It’s courage that counts." George F. Tilton.