The judge said they "had value" for certain shareholders/stakeholders. If one were to read through that order completely, they'd read a smack down of the Crane lawyers and their clients, notably stating that he couldn't believe that all through the process, the secured creditors, the monitor, and the bidders on the SISP and liquidation processes (since they were available for review and acquisition) had seen no value to them, and yet they were considered to be worth substantial value by those shareholders (ie - he was slamming the notion they were worth anything).
The NOL's were $320M and are worth 21% of that in actual tax reduction if they could even be used (which they can't, folks really need to read the IRS rules on NOL's in acquisitions). That's $67.2M and is less than BioAmber owes, so nobody with an accountant on staff is going to acquire BioAmber for them.
And I really couldn't care less about how an app handles an item that was on 1 person's watch list prior to it being deleted. BIOAQ is still on my phone's watchlist, right there with the last price.
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