Replies to post #67853 on BioAmber Inc (fka BIOAQ)

[CSCS]

And what about BioAmber INC's A/R:


If as much attention is paid to the reading and comprehending the court documents as has been trying to construct wild theories about the cancellation of shares without any proof, I expect a light to come on that he shares hold value just as the monitor has explained.

If you are having a hard time grasping the difference between a company in CCAA proceedings and a Bankrupt company... I suggest consulting a professional advisor for further clarification to what PWC "means" in their court documents and Monitor Reports...

https://www.pacermonitor.com/public/case/24419228/BioAmber_Inc
https://www.pacermonitor.com/public/case/24653251/BioAmber_Inc_and_BioAmber_Inc

We own Shares in BioAmber INC which holds the contractual rights and licensing agreements... The secured debt is on BioAmber Sarnia and its assets...

And the only payment towards any debt has been the $3.5 interim payment the judge authorized here:

https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-046_121718.pdf

As far as the accounts receivable, most every monitor's report has included a cash flow sheet showing the collection of those funds as well as the payments made which has consumed it. They've been spending about $1.5M per report. Here's a link to all of the reports, the cash flow sheets are easy to find:

https://www.pwc.com/ca/en/services/insolvency-assignments/bioamber/monitor-s-reports.html

If as much attention is paid to the detail of those cash flow sheets as has been paid trying to construct wild theories about an empty bankrupt shell company emerging from bankruptcy, I expect a light to come on that the shares are as worthless as the monitor has explained.