Replies to post #68090 on BioAmber Inc (fka BIOAQ)

[youngster-moon]

In addition to the missing footnote, what does the outset have to do with BioAmber in April 2019.
OUTSET:


How many months ago was the outset of the CCAA Proceeding?

[I-Glow]

As always vital information has been omitted.

I suggest you read the Supplemental Report to the 11th Monitor's Report.

Item 9.

"Based on the Proposed Inc. Allocation, the resulting allocation of the total proceeds of the Visolis

Transaction (the “Proposed Visolis Transaction Proceeds Allocation”) would be as follows:

Entity Proposed Visolis Transaction
Proceeds Allocation
US$
BioAmber Inc. 222,300
BioAmber Canada 5,000
BioAmber Sarnia 4,112,700
Total Proceeds 4,340,000"

There is the $4.3 million - and that was from the liquidation of assets.

You are reading old information from June - October 2018 that is now meaningless.

The secured creditors are owed $40 Million - but the asset liquidation only produced $4.3 million.

Ignoring the facts won't make them go away.

IG