Replies to post #72039 on BioAmber Inc fka BIOAQ

[trader59]

BioAmber, Inc., owns the 2 Canadian subsidiaries, and there's no escaping the debt. It is ridiculous to even suggest.

[Brucebannerr]

True mitsui and bridging are probably not Canadian. But their claim over the remaining money in the debt ridden shell are very secure. As plainly spelled out in the most recent court filing . And since the only asset left in the debt ridden shell is a liitle chicken scratch. They will compromise and split it up . As plainly spelled out in the cout motion .

25.2. Mitsui and Bridging have valid and perfected security interests in the assets of BioAmber
Inc. that rank in priority of the Comerica Syndicate.