Excellent DD. But as plainly spelled out in court filings. There are only enough funds to satisfy a fraction of the secured debt. And nothing for anyone else . As has been posted thousands of times . And stated in writing to the courts .
E. DISTRIBUTION OF REMAINING FUNDS 24. The Monitor is seeking the Court’s approval to distribute the Remaining Funds as follows: 24.1. from the funds of BioAmber Sarnia in its possession to the Comerica Syndicate; and 24.2. from the funds of BioAmber Inc. in its possession to Bridging and Mitsui based on the terms of their agreement described above. 25. As outlined in the Eighth Report: 25.1. The Comerica Syndicate has a valid and perfected security interest in the assets of BioAmber Sarnia that ranks in priority of Mitsui and Bridging; and 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.
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