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toncatmad

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toncatmad

Re: iamadog post# 133331

Saturday, 03/11/2023 5:42:47 AM

Saturday, March 11, 2023 5:42:47 AM

Post# of 146816
$300 plus million in losses with $80 plus million in debt BioAmber couldn’t pay. BioAmber was burning money every single day. They were losing money hand over fist. Simply go read the financials. It’s not hard to figure out why a company with huge losses and a heavy debt load they couldn’t pay due to losing money every single day was liquidated for pennys on the dollar. Let’s not forget BioAmber didn’t really own a hell of a lot as they had loans to repay. Man people really have no clue how the real world works.
Sure go check out PWC that should change the outcome LOL
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