Because the factual outcome is governed by the factual beginning of this case. 3 corporations were liquidated of their assets. However the factual beginning shows that the 3 corporations held $0 of assets. Further the assets of BA Inc prior to the proceedings were an office lease, furniture and other personal property. So how did they sell assets in 3 corporations that claimed none? By moving assets into those corporations. Assets that roughly valued $4.34 million. The land in Sarnia being the biggest of those assets they shoved into Bioamber Sarnia for roughly 4.1 million according to the allocation and the land title transfer that list the amount. They shoved about 200k into BA inc and 5k into BA Canada. The question ultimately arises: If they transferred assets into these corporations; where did they transfer them from? Because that's where all the value really is. So when they say "certain assets" they mean "the assets" they transferred into these corps that originally claimed $0 assets. After all - BILUX claims 91 million in the paperwork. So yes, Bioamber was liquidated of all the "certain assets" that were transferred into these 3 corps. Those are the facts according to the paperwork as shown below. The factual outcome of the CCAA based on the factual beginning.
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