How amazing was this post. Thank you Iron Eagle
‘Technical bids: Proposal to Public Works and Government Services Canada (authored by PwC-last edited by Mica Arlette)
and I quote
"BioAmber Inc. with the assistance of the Monitor, PwC, developed a restructuring plan which included a dual path in order to maximize value for all stakeholders. This included a Debtor in possession ('DIP') financing solicitation process to find and secure current operations, followed by a SISP process for the sale/long-term financing of the business."
"PwC assisted the company (BioAmber) with the successful implementation of restructuring through the sale of the
company's assets and operations to a third party. PwC was credited for successfully working with the company, courts, creditors, and other stakeholders to build consensus and execute on the restructuring plan."
"Other stakeholders included the licensors of the Company's intellectual property, local and international customers, and shareholders."
Would've been nice if PwC made that restructuring plan available to all the stakeholders.
IE
PS - "PwC mobilized a team (over 40 Partners and staff at various points during the proceedings)" including our very own Thierry Charron in the Greater Paris Metro Region...Thierry in France placed a huge part
40 partners for a liquidation which is never mentioned in the description of the Consultant role and responsibilities in "the project"
Appreciate all the volunteers concerned with our shares’
Majority holding strong ! 💪
Bullish
