In this case; the reason is that the Monitor forecasted fees for the sale of the Company and as Mr. Pirate clearly defined a while back: the Company is all 3 legal entities of Bioamber. And the desperation by these jokers is likely to do with the fact that LCY Biotechnology Holdings Inc. is now located at the same address as Bioamber Sarnia Inc. (1201 South Vidal Street). In addition, LCY Biotechnology Holdings Inc. located at the same address as BA Sarnia has a capital loan limit of $775,593,484 usd and drew roughly $62,880,413 usd to meet "the needs of its operational turnover". Now the funny part of that is that the plant hasn't even been operating for a considerable amount of time...so it's unclear what their "operational needs" are that merit $62milly. And don't get me started on Mr. Greg Soutendijk working with LCY Group as an external M&A Advisor - "North America Speciality Ingredients".....compex M&A execution...as of Feb 2023 smh
In addition for BIOA shareholders:
The advisor to the Lee Family on partnering with KKR to tender an offer for LCY Chemical shares is a director of LCY Biotechnology Holding Inc which is sitting on $775,593,484 usd and domiciled at the same address as Bioamber Sarnia Inc. This is in addition to "Greg" working as an external M&A Advisor for LCY Group.