Replies to post #68115 on BioAmber Inc (fka BIOAQ)

[trader59]

As always, vital information has been omitted.

Ignoring the facts and court documents won't make them go away.

Those contractual rights were all packaged up and ready to be assigned to the purchaser of the assets during the liquidation sale. The monitor had prepared a court motion to have them assigned to the purchaser if they agreed to cover the royalties that were due on the contracts, a whopping $408k. It's all right here in the motion:

https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-033_092418.pdf

If they find someone willing to do that, the secured creditors will have another $408k to divide up.

The rest of the secured creditors get nothing
The unsecured creditors get nothing
The shareholders get nothing.