Friday, November 04, 2022 11:55:05 AM
Yet another complete misrepresentation...
Here's the page that precedes the one you posted from the bid solicitation document describing the bidders options. Note paragraph 3, the bidders could bid on all or part of the assets. Then note paragraph 4, the bidders could bid to recapitalize the company by selling stock, and it would be up to anyone wanting to do that to decide whether to cancel the existing stock or not. That ties to the paragraph 7(e) of the page you posted, but since the bidders didn't have to bid on a recapitalization (and none of them did), it was moot.
There were 11 qualified bids, and they're all tabulated on page 37 of the 6th monitor's report. 2 were for all of the company's assets, the other 9 were for parts of the assets. The bid accepted was $4.34M for all 3 lots of assets, and they're all listed beginning on page 77 of that monitor's report.
Anybody that wants to know the truth needs to get away from those who lied to them by fabricating the fairy tale about a buyout in order to flip the stock for a profit and read these documents for themselves.
https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf
Here's the page that precedes the one you posted from the bid solicitation document describing the bidders options. Note paragraph 3, the bidders could bid on all or part of the assets. Then note paragraph 4, the bidders could bid to recapitalize the company by selling stock, and it would be up to anyone wanting to do that to decide whether to cancel the existing stock or not. That ties to the paragraph 7(e) of the page you posted, but since the bidders didn't have to bid on a recapitalization (and none of them did), it was moot.
There were 11 qualified bids, and they're all tabulated on page 37 of the 6th monitor's report. 2 were for all of the company's assets, the other 9 were for parts of the assets. The bid accepted was $4.34M for all 3 lots of assets, and they're all listed beginning on page 77 of that monitor's report.
Anybody that wants to know the truth needs to get away from those who lied to them by fabricating the fairy tale about a buyout in order to flip the stock for a profit and read these documents for themselves.
https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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