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Re: New money98 post# 148830

Monday, 12/30/2024 7:27:55 PM

Monday, December 30, 2024 7:27:55 PM

Post# of 154176
The difference is that the CUSIP was suspended and ticker deleted due to the outcome of the liquidation. 
FKA BioAmber was LIQUIDATED selling off ALL of its assets for a total upfront price (paid at closing including the 10% deposit sent in with the LOI) save and except for the cash, AR, Inventory and some US based office furniture. LCYB did not want any of the contracts so third party tech was not transferred as well. 
This left about $100 mil of debt unpaid leaving ALL of FKA BioAmbers creditors impaired as not one creditor from any class was paid in full. Leaving FKA BioAmber insolvent with No assets left of any kind, no employees, no BOD, not even a corp left. By law there is no way FKA BioAmber could ever return. 
With none of the creditors paid and shareholders last in line former FKA BioAmber shareholders have no chance of ever being paid any type of monetary payment whatsoever or receiving shares in a NEWCO. 

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