All of that, every word/phrase, is false. The company has not sold, and the monitor stated that directly. Only the assets and inventory has been sold. The KERP charge was not paid, and the sentence often cited to mislead about that doesn't say it has been paid. There's not been one single dollar paid for KERP, and all anyone has to do is look at the cash flow sheets on the monitor's reports, and that is because the requirements of the program were not met when not 1 single bid was received during the SISP. BioAmber has been restructured into an empty shell with massive debt. Fact is, they hoped to restructure/refinance/reorganize, but they failed to get a single bid that would allow them to do that, and that failure led to the liquidation of the assets.
Speaking of FACTS that are undeniable, in the latest monitor's reports, they've stated and restated the company has not been sold, and the shares will receive no recovery, they are worthless. Yet, snippets from this report, a few words from another, toss in an unrelated regulation or two and a guy's LinkedIN resume, etc., glued together simply paints a completely false picture in order to sell stock.
This company is dead, and when the books are finally racked up and the checks written, shareholders will lose 100% of their investment in this stock, it will happen without warning, and can happen any day.
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