BioAmber Inc fka BIOAQ

[iron-eagle]

This is priceless!!! Finally an admission that there is a distinct line between tangible and intangible assets of Bioamber. The LOI clearly states both tangible and intangible were sold for an "upfront" price of 4.3m usd. So when PwC says in their Jan 6 2020 update that they reported to the Court "the tangible assets of the Companies were sold" they also draw a clear line between the two making it a point to say only "tangible"...don't argue with the update and it could've been changed easily if PwC wanted to. Now let me help you appreciate why there is a "push" to close your position. How much were the tangible assets valued at in Court filings? The BIA filings prior to CCAA showed both Canadian Corps claimed $0 assets or in other words $0 of tangible assets. In the US filings Bioamber claimed $0 of real property or in other words $0 of tangible assets. If all 3 Bioamber Corps claim $0 of tangible assets I leave you with this question: Where does the value of all these assets lie according to the Court filings? And I would follow that up with: please don't argue with the valuations filed in Court or what the Monitor says they reported to the Court about only the tangible assets being sold. The value of the assets lies in the intangible assets according to the Court filings which oddly enough were not sold according to the Monitor's report to the Court. The value of everything Bioamber owns lies in your shares. End of debate.

IE