BioAmber Inc (fka BIOAQ)

[Real McCoy]

No, embarassing.

The context of that comment was a budgeted line item - “forecast fees for the sale of the company”. I don’t have much issue with it, and remember when they wrote it they didn’t think they’d see this kind of insanity and delusion.

What else would you call a budgeted line item in a bankruptcy whose goal was to sell the company? I guess they could have changed it to “liquidation” as at that time it was known but again they had shown the SIGNED APA at this point and didn’t know they would be dealing with learning disability several reports later.

No one has ever said they sold the equity in this company, or any “Company” here, which makes sense as that was never announced and shareholders were never informed. And obviously it doesn’t need to be stated that a material event like an equity sale did not occur 5 years ago with no obligation to report it - LOL.