Replies to post #58922 on BioAmber Inc fka BIOAQ

[CSCS]

FALSE
Please provide links to your statement that there is no reorganization or share transaction

No, there's no reorganization nor other transaction that will provide shareholders with any recovery once the bankruptcy proceedings are complete.

INVESTMENT IN BIOAMBER INC




https://www.pwc.com/ca/en/services/insolvency-assignments/bioamber.html

[101King_Kong101]

Per bankruptcy law, in order for Bioamber Inc. to be able to "satisfy material cure costs" to assume the rights to executory contracts, they must first either:

Have court order mandating Bioamber Inc. assume the rights to executory contracts

---or---

Confirm a plan of reorganization.


In either case, cure costs must be satisfied.



Has there been a motion to Judge Pinsonnault from Bioamber to assume the executory contracts? No.

Therefore there must be a plan of reorganization.

This is not rocket science.


https://www.acc.com/legalresources/quickcounsel/ecib.cfm?makepdf=1