Replies to post #68917 on BioAmber Inc fka BIOAQ

[HymanMinsky]

didn't you know that actual court documents...actual monitor statements...they don't really mean what they're saying ;-)

[trader59]

The results of the CCAA are clear:

Restructuring, reorganization, refinancing, sale of the company failed at the end of July when the SISP failed to get a single bid. Not one.
The assets were then sold for $4.34M in bankruptcy liquidation. That sale closed in October.
The proceeds from the liquidation barely cover 1/10th of the secured debt, much less the unsecured debt and other obligations.
One payment of $3.5M was made to a secured creditor, and that's all.

The company is now an empty shell with massive debt and no way to pay it.

Those are the results of the CCAA. The company has been "restructured" into an empty shell. Ignoring those results won't make them go away.