For 2 of them, yes. But nowhere does it say, or even imply, ALL creditors.
If it did, it would have said "all".
In this context, the term "creditors" refers to the CLASS rather than the individual creditors. So it is accurate, since some money is going to members of the class. It would be the same if they had said "shareholders" but only preferred shareholders, and not common shareholders, were getting paid (which does not apply to BIOAQ, since they have no preferred shareholders, and common shareholders are not being paid anything, anyway).
The documents made it very clear that only the DIP lender and FIRST secured lender are getting anything. If it was all creditors, then Mitsui would have absolutely no reason to object, would they? Or are they just in the mood to incur expensive legal fees for no reason?
Agree ! The offer contained an immediate recovery to creditors and was in the best interest of all stakeholders. The report indicates both of those issues. I suspect there was a decent package offered to every party and accepted...They just don’t give assets away..This is far from a yard sale..Succinic acid will replace petroleum added products..It willl likely be a requirement one day..imo A lot of these bio start ups run out of money by the time their up and running unfortunately..If were in on the deal which I suspect we are..It’s a gold mine ! Imo GLTA ! Bought more today..
News 
Market Data 
Discover 
