Replies to post #68443 on BioAmber Inc (fka BIOAQ)

[CSCS]

Yes so under CCAA the rules and "LAWS" are different then US Chapter 11 or 7 like this has been repeatedly compared to...

Under CCAA a Plan of Arrangement has no limits on what it can entail:
-How long term debt will be dealt with: share exchange, new shares, pay it off or refinance on new terms
-How contracts and employees are dealt with
-How suppliers are dealt with
-How equity holders are dealt with
-What was or is going to be implemented to cut costs
-How long will this Plan take to implement
-What regulatory steps need to be taken to complete the Plan
-Will the Plan cause hardship to any stakeholders (creditors, employees, suppliers, shareholders)
-The structure of the Company that emerges from the CCAA

Similar to the Bid criteria for an LOI in BioAmber Inc...