Replies to post #55826 on BioAmber Inc (fka BIOAQ)

[TenKay]

Yes...except this:

Bioamber was approached before filing for CCAA and bankruptcy that LCY and Visolis was going to purchase them

Bioamber was lucky they were able to mask the entire sale by going through CCAA proceedings and not having to be as transparent as us proceedings rule

They needed to file for bankruptcy so that LCY and Visolis could acquire the contracts that would not normally be transferable in a sale during the company normal operations

...would constitute fraud.

Specifically a fraudulent transfer or conveyance.