Replies to post #66379 on BioAmber Inc fka BIOAQ

[youngster-moon]

Check section 4 and 5 of the CCAA which is mentioned in the extension....

Compromise or Arrangement for secured creditors and unsecured creditors

Again shares are safe

[HymanMinsky]

lolol, complete misunderstanding of SISP

and yes, there's the lawyers and courts mentioning restructuring...not sure how that is in your favor ;-)

[Koan]

It is in a stragetic buyer's favor (which is what the SISP sought to produce), to acquire a target company in a "liquidation sale process" scenario. This provides certain benefits, e.g. certain tax and confidentiality benefits to name the obvious ones, that would not otherwise be present if acquiring a target company under a SISP.

It's about value creation.

While it is tempting to think about this entire process with BioAmber in the fashion of a barnyard auction -- because after all, thinking of BioAmber's restructuring in such a manner requires the least amount of brainpower -- there are far too many complicated aspects involved to treat of this situation with a mere cursory glance.

Shares are safe.

[JohnR767]

I do not see any humor in that. Shares are SAFE!!!!

[I-Glow]

The Court assumes the shareholders are going to vote against the POR because the Equity Interest will be cancelled.

Now that there has been a liquidation of assets and the secured creditors are impaired - the court assumes that the unsecured creditors are going to vote against the plan.

I know you knew the above but it is for those still living in pinky fantasyland.

IG