Replies to post #61025 on BioAmber Inc fka BIOAQ

[trader59]

The Canadian CCAA motion that clearly states 2 strategic buyers for the business as a whole...

I know that reviewing the bids doesn't support the narrative that is being constructed, but if one were to actually read those, they'll find that 2 companies bid on all the assets of the companies and the rest did not.

And after that "Canadian CCAA Motion" for a stay to the proceedings was granted, the monitor accepted a bid for the assets, made a motion to the judge for approval, and was granted an order that allowed the sale.

This is done, the assets were sold, and BIOAQ is an empty shell, a paper company, that is $80M in debt.