Replies to post #68204 on BioAmber Inc (fka BIOAQ)

[TenKay]

Ah...so it’s all super double secret with no reference to it whatsoever by the Court or PwC...this will just pop out of nowhere...I assume when the stay is lifted we will see it then???? ;-)

Or does it continue in super double secret mode after that?

[Rustyhotrod]

I notice it says plan of arrangement and not plan of compromise. Is that because all creditors are being paid in full? ;)

[trader59]

LOL

You know that the "Plan of Arrangement," ie - them working with the 2 secured creditors on how to divy up the proceeds between them, is just about done, right? After the liquidation sale of the assets, that "plan of arrangement" became just the distribution of the recoveries, first amongst the 3 BioAmber entities, and from there to the secured creditors who did business with the Canadian subsidiaries (the US court will handle BioAmber, Inc).

And, there's still nothing for the remaining secured creditors, the unsecured creditors, and the shareholders. Not a penny.