Replies to post #47473 on BioAmber Inc fka BIOAQ

[Brucebannerr]

Well read the bid letter . They bought 3 lots for a flat price . Nothing in there about taking on any debt . Please show where you are seeing that fantasy.

[TenKay]

“It actually makes sense that the purchase price was allowed by PWC with no further promises exactly because they would assume the debt”

As the Visolis/LCY offer letter clearly states, they are ONLY buying the assets. They have no intention of assuming any liabilities or contractual obligations of BioAmber. They weren’t even interested in the AR.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144230542

[1manband]

It actually makes sense that the purchase price was allowed by PWC with no further promises exactly because they would assume the debt

No, it doesn't. Because if that were the case, IT WOULD BE NOTED IN THE COURT DOCUMENTS!

There would have also been a Creditors Committee of the unsecured creditors created and consulted. But since there wasn't, it means unsecured creditors GET NOTHING.

There are no secrets here. All these theories about why the shareholders will get paid that are predicated upon some wild outlandish (and impossible) sequence of events that are NOT included in the court documents, but instead are a HUGE secret, is a complete fantasy. That has not, and will not, happen.

The deal is done. It is a straight liquidation of assets. No one is assuming the debt, nor are they buying the shares. That is it.

There are no secrets in bankruptcy proceedings.

[HymanMinsky]

Exactly. This would also be in the best interest of all stakeholders.