Replies to post #66860 on BioAmber Inc fka BIOAQ

[Gold prospector]

Great post! Thanks for the DD!

[drjackh]

FACTS do not mean anything to people pushing falsehoods.

But please keep your FACTS coming. The rest of us appreciate your work!

[Brucebannerr]

Like I said. You dont own shares in lcy . And you can produce no plan saying you ever will . The contracts can be taken over by paying up what is due on them . As plainly spelled out to the court . And why is the monitor trying to get rid of them if there is a merger or buyout? Would they not come with the deal ? You can break down the dedt anyway you want . But you can produce no plan on how it will be restructured. The only plan approved by the court and the secured creditors is the liquidation of assets. And a small distribution to a handful of the secured creditors leaving millions in owed .

[trader59]

Whatever LCYB needs or doesn't need to make corn sludge has absolutely nothing to do with BioAmber. There is no link there whatsoever.

As for their debt and other liabilities that is being paid from the $4.34M proceeds from the asset liquidation, the accounts receivable, and the sale of inventory, all that anybody needs to do is read the 10th monitor's report, all of it is summarized to show there's no chance that either the unsecured creditors or the shareholders see anything from the bankruptcy proceedings and the ultimate death of the company.

[I-Glow]

There seems to a complete lack of understanding of the US Bankruptcy laws - the secured creditors are impaired - therefore the common shares will be cancelled.

In the Monitor's Report it clearly states that the Equity doesn't have any value and they have alerted FINRA.

From the 11th Monitor's Report:

Distribution and termination of CCAA Proceedings

"46. Once all of the foregoing matters are resolved, the Monitor will seek an order of the Court to distribute the remaining net proceeds of the Company to the respective Secured Claimants according to their security and priority. Recognition of this order will also be sought in the Company’s proceedings under Chapter 15 of Title 11 of the United States Code in the U.S. Bankruptcy Court for the District of Delaware.

47. As previously reported to the Court, the Monitor does not expect any net proceeds to be distributable to creditors other than the Secured Claimants."

Q Stocks aren't for novice investors as the SEC and FINRA has warned.

IG

[I-Glow]

The buyer wasn't interested in the AR - ignoring the facts won't make them go away.

IG