Replies to post #40291 on BioAmber Inc fka BIOAQ

[bbhuey]

I think when PwC broke the assets into three lots.

Biamber sarnia owned the plant and had most of the secured and unsecured claims against it.

Bioamber Canada handled the management.
I assume they also handle the sales with a slight markup to from the plant as well as the pick and pay contract from villemar and also the NOLS
But when you look at the first monitors report it shows that both of these companies are 100 percent owned subsidiaries of Bioamber Inc.

Biomamver inc owned the patents and R anD
and breakthrough products and possibly the plans and agreements to build the new 100k metric ton plastic plant in the U.S

For examoke

I think there maybe three separate bids for each of these companies with different values

Bioamber Sarnia a bid below their approx
$50 M in debts

Buoamber Xanada with NOLS and customer contracts approx $30_$50M

Bioamber Inc patents and R and D and licenses
approx $35_$50 M

I am not sure if the secured and unsecured creditors would have any participation in the bid for Bioamber Canada as most of these bmdevts related to the plant operations

Anyone else have any insight?

[screen shot]

Would you explain further