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Post# of 143847
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trader59

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Re: iamadog post# 140089

Sunday, 12/31/2023 1:05:16 PM

Sunday, December 31, 2023 1:05:16 PM

Post# of 143847
When a company in bankruptcy moves into liquidation, every asset that has value will be offered for sale in order to get as much money as possible to pay their creditors. By definition, they are not staying in business, and have no use for any of the assets.
There was 1 bid for just the intangible assets, and that bid was for $150k, though it appears that bidder didn't want them all. The only other bidders to include the intagibles were the 2 who bid on all three lots of assets. That is detailed on page 37 of the 6th monitor's report that you've refused to read.

https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.

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