Replies to post #82990 on BioAmber Inc fka BIOAQ

[rbtree]

The sense is that it happened, and it's all she wrote. There is nothing else coming, period.

The main reason why no one offered to pay more or take over the company is due to the massive, nearly 11 figure debt.

[rbtree]

unless the other debts owed by BioAmber would be settled, then the price should be much much much higher

You might have that backwards, if I'm understanding correctly. If the debts were settled, (they weren't) the purchase price might have been higher, or the actual company could have been included.

But, I believe the main reason the purchase price was a mere $4.34m, is due to the fact that the plant and company were operating with such huge losses. No one wanted to pay more for something that wasn't working very well. Does that make sense?