Replies to post #55812 on BioAmber Inc (fka BIOAQ)

[HymanMinsky]

sounds like good things coming for this little debt ridden insolvent shell :)

[User-656209]

Awesome post CSCS! That makes a whole lot of sense. I've had enough of the same old, same old over and over again and again.
Just gotta smmfh.

[youngster-moon]

CSCS FOR THE WIN

[trader59]

Thanks for all the excerpts of the regulation that describe the different things that you can do under that section that don't apply here. The thing that was done was the sale of the assets of the company, and, as described in your court document:

The purchaser is a "good faith purchaser" within the meaning of section 363m . . .

Which means the purchaser meets the requirements of that section, and there were:

. . . compelling reasons for the Sale outside of the ordinary course of business pursuant to section 363(b)

Which means the sale of the assets, even at pennies on the dollar, meet the requirements of that section. That's it, and that's all there is, and it cannot be stretched into a recovery for the common shareholders, the monitor has been very clear about that.

[TenKay]

"This is a Section 363 sale

There is a asset sale and a stock sale"

Two problems with that.

1) 363 does not apply to the stock of the parent company (in this case BioAmber Inc. and its publicly traded stock). It only applies to the stock of wholly owned subsidiaries in the rare cases the stock of the subsidiary is bought AS PART of the asset sale. That stock is treated as an ASSET of the parent company.

2) Putting that aside, once again, NO DEAL, SALE, AGREEMENT or OFFER TO PURCHASE BIOAQ stock can happen WITHOUT the required public disclosure VIA SEC filings.

[Lucky77Dice]

Excellent presentation ! Another credible common sense logical explanation from CSCS...Two Thumbs Up !
Thank You sir..