Replies to post #66614 on BioAmber Inc fka BIOAQ

[bbhuey]

Back then everything was up in the air.Excess assets sold to start the process.KKR has now completed its acquisition of LCY. The restructure team has realigned the assets,contracts,and etc.
CAA proceeding is now about to end. LCY and VCY did not buy all the assets and plant for only $4.3Million when there is almost $80 Million in total debt and $39 M in secured debt that has to be paid off. $4.3 Mless $39 M still leaves $35 M in debt outstanding all the while the details of such are sealed otherwise the secured debtors would not go along and agree as well as the unsecured debtors.
So far a simple liquidations do not take a year
while the executives of this company resign without their shares without a whimper.
Thus far the shareholders have not been called upon to vote on anything. Shares will survive
and will not be cancelled.