Sunday, June 16, 2024 8:18:15 PM
Here's what you they don't want you to understand and this is from a Court document so its a fact:
"Prior to the Commencement Date, the Company owned de minimis assets in the United States, limited to an office lease and certain furniture and
other personal property."
1 simple question proves my point: Prior to the Commencement Date-what Corporation held the shares of Comet Bio valued at roughly $500k CAD, the IP and all the other assets?
The corporation that holds the shares of Comet, the IP and all the other assets is not part of the CCAA or CH 15 proceedings. If there were no further assets and Bioamber didn't exist there would be no need to include the ability to reopen Chapter 15 pursuant to section 350(b) of the BK code. Can someone please tell everyone what section 350(b) is all about...
GOOD DAY!
IE
"Prior to the Commencement Date, the Company owned de minimis assets in the United States, limited to an office lease and certain furniture and
other personal property."
1 simple question proves my point: Prior to the Commencement Date-what Corporation held the shares of Comet Bio valued at roughly $500k CAD, the IP and all the other assets?
The corporation that holds the shares of Comet, the IP and all the other assets is not part of the CCAA or CH 15 proceedings. If there were no further assets and Bioamber didn't exist there would be no need to include the ability to reopen Chapter 15 pursuant to section 350(b) of the BK code. Can someone please tell everyone what section 350(b) is all about...
GOOD DAY!
IE
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