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toncatmad

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toncatmad

Re: iron-eagle post# 127300

Monday, 05/23/2022 5:18:41 AM

Monday, May 23, 2022 5:18:41 AM

Post# of 144025
BioAmber isn’t on the hook for anything as they are no longer a company. Since BioAmber didn’t get anywhere near enough to pay everything there are quite a lot of items that never got paid. If there was a way to buy BioAmber and someone was stupid enough to pay the $60-80 mil of debt knowing they would get absolutely nothing in return then any outstanding debt attached to the shell would have to be paid. Since nobody is that stupid it will never get paid.
LCYB only paid a fraction of what the entire debt load was by paying $4.34 mil for all the assets as stated in the APA. There is lots of debt left attached to the forfeited BioAmber shell.
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