InvestorsHub Logo
Followers 4
Posts 60
Boards Moderated 0
Alias Born 08/20/2022

Re: None

Wednesday, 08/02/2023 7:28:40 AM

Wednesday, August 02, 2023 7:28:40 AM

Post# of 148552
Reminder: Mistui (Bioamber secured creditor) owed $4,416,203 CAD - PWC

Reminder: 'All amounts owing to the KERP charge have been paid' - PWC

Why would Mitsui import/spend/buy (6,922,080 KGs / $13,844,160 - $17,305,200) of bio-succinic acid @ $2.00-$2.50/kg, last shipment being 8-9 months ago from LCY biosciences, when Mitsui was owed money? Good business decision, Bad business or Maybe an arrangement was made? Example; succinic acid to pay off debt..... CCAA = Companies' Creditors Arrangement Act

https://www.importgenius.com/suppliers/lcy-biosciences-inc

A month later Mitsui released/assigned the following patent over to LCY Biosciences; 'Processes For Producing Succinic Acid From Fermentation Broths Containing Diammonium Succinate'

https://assignment.uspto.gov/patent/index.html#/patent/search/resultAssignment?id=63754-959

1-2 days after the patent assignment from Mitsui, LCY biosciences switching from bio-succinic acid to carotenoids articles are published.


Feb 1, 2024 - 5 years KKR/LCY acquisition deal closed
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.