It’s been over 5 years since the liquidation was announced and approved by the judges. Why does it matter anyway if it is said it was 3, 4 or 5 years ago.
The result is exactly the same. FKA BioAmber was liquidated for $4.34 mil a sum far less than its total liabilities. All of the assets were sold to LCYB including the tangible and intangible assets shown on the APA. The only things that didn’t sell were the cash accounts, AR, inventory and some office furniture in the US. LCYB did not want the contracts assigned either so some 3rd party owned intellectual property was not transferred either.
FKA BioAmber being liquidated selling off all assets, having all BOD resign terminating all employees and closing its doors back in 2018 leaving all of its creditors impaired with ZERO chance of recovery was the end.
FINRA put the final nail in the coffin when PWC informed them of the liquidations outcome by suspending the CUSIP and deleting the ticker.
In the end FKA BioAmber is gone and shareholders lost their investment wether it said 3 years when the discharge was signed, 4 years when the ticker was yanked for good or 5 years when the liquidation was approved.
