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Re: biowin post# 143141

Wednesday, 04/10/2024 6:15:59 PM

Wednesday, April 10, 2024 6:15:59 PM

Post# of 147191
You might want to read the judges words which show that post to be nothing more than complete made up nonsense from another con artist.

Here is the post from T59

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150204158

[29] The Visolis transaction close on October 22nd 2018 with the Monitor receiving the entire proceeds from the sale namely US $4.34 mil from the end-bloc purchase of the assets of the three petitioners which necessitated that an allocation be made among the various secured lenders having security interests against said assets. Its is not necessary for the purpose hereof to discuss further this ensuing aspect of the Visolis Transaction which resulted in agreements being reached between the secured creditors with the approval of the monitor.

[71] With respect to maintaining the CCAA proceedings, the Court cannot ignore that there is no longer any need or chance of restructuring BioAmber as the three corporations no longer have any tangible assets left nor any funds available to resume their operations and production of the products needed by Vinmar, without forgetting that all of their officers and directors have resigned since August 31s, 2018 and that none of the secured and unsecured creditors have shown any interest in pursuing the proposed uncertain and
risky litigious venture.
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