And the key to that statement being true is "in the United States," ie - items that were physically in the US. You left out other key passages of Arlette's declaration in support of the liquidation sale, namely this part:
Note that it explains the IP is all gone, just like the APA included in the 6th report says and you've ignored over and over. Heck, that letter from PWC's lawyers to the shareholders' lawyer said that plain as day.
BioAmber invested $500K in Comet Bio in 2015 so they could develop a process and do this deal:
All 3 BioAmber entities were involved in the liquidation, approved by both federal courts. If you'd ever read through the asset list in the APA, you'd know that.
And, finally, that section 350(b) applies to every bankruptcy, and all the judge said is it applies to this one, too, but, of course, you have to present it like it was put in the final order as some sort of secret loophole unique to BioAmber and all the fairy tales told. I sure hope nobody's dumb enough to buy that crap.
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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