NewCo can't buy the "debt ridden shell" until the rest of the transactions have taken place. That was in the PWC docs from the start that Bioamber Inc USA and the other remainders including the cash and inventory on hand would be purchased by NewCo pending the approval of CCA and Ch15.
They might not buy the NOLs or commons, totally possible, but seems clear to me that was and has been their stated plan.
IMHO... I have no crystal ball but that is the do or die moment as far as Ican tell. What will NewCo do? That seals the fate of longs or the regret of the sellers... I chose a 50/50 approach myself.
News 
Market Data 
Discover 
