Replies to post #81025 on BioAmber Inc fka BIOAQ

[lineItemVeto]

Yea many are seeking answers as the Delaware date looms
Many are looking for straws to pull on

[trader59]

BioAmber, Inc, is a US Company, the parent company for the Canadian subsidiaries, and is the guarantor of the debts of those subsidiaries (and, yes, if you read through the terms of the secured debts, BioAmber did guarantee them). The US court has jurisdiction over all matters of that company, and it doesn’t matter if a creditor from the US, Canada, Russia, or Timbuktu is owed money, that judge can discharge it (and the equity with it). I know there’s a desire to imply the judge can just slice up the company, slice off the debt, and leave just an empty shell instead of an empty, debt ridden shell, but it ain’t happening.

[Brucebannerr]

Because the debt belongs to the debt ridden insolvent Delaware shell. A little DD would go a long way in telling why the Canadian judge has no control over the final say on an American corporation. It will be a good experience for the fantasylanders