Replies to post #49598 on BioAmber Inc (fka BIOAQ)

[1manband]

Are you familiar with past tense? My exact words were:

DIP lending was $1.8 million.

PwC used some of the proceeds from the asset sale to pay the DIP lender. $250K in the prior period and $52K in the current period. Adding on the interest and standby fees due, the total is now about $1.53 million.

I was not wrong at all. I was completely accurate as that amount $1.8 million will be paid from the proceeds of the asset sale, of which slightly over $300K was repaid.