Replies to post #94366 on BioAmber Inc fka BIOAQ

[trader59]

From the 10k, page 26:

On January 18, 2018 BioAmber signed a waiver with Vinmar allowing Vinmar to sign a single offtake agreement with a third party for bio-BDO produced from a single plant not owned or affiliated with BioAmber. Vinmar has agreed to postpone to December 31, 2019 any right it may have to terminate the offtake agreement for 1,4 BDO.

Pretty sure the royalties were to be paid to Reverdia for the use of their processes, as that was what PWC was asking for that contract to be assigned to the JV during the liquidation. The JV turned them down, and that was a bill, not a debt, so it had to be paid by PWC. Why would BIoAmber owe royalties to a customer, anyway?

[Brucebannerr]

Vinmar royalty payment ? That is a complete fantasy and never happened.
And zero proof can be provided that it did .
Not that it really matters as the debt ridden shell is already in default on that aggrement. The dead line was for a third plant . The second one never got done and the first one got sold for pennies on the dollar. If one were to read and comprehend the sec filings .

the second and third bio-
succinic acid plants had December 31, 2016
and December 31, 2019 deadlines
respectively for achieving a financial close.

[CSCS]

Care to explain?

The correct answer on the Vinmar contract expiration is December 31st unless the royalty is paid just as PWC made sure it was in 2019!

Facts are everything....