SIGNIFICANT TAX LOSS CARRY FORWARDS!
Hmmm let's put out a hypothetical situation.
The class action was brought forward against the officers and BioAmber Inc. So if LCY acquired BioAmber shares during the initial SISP they would be taking on the contingent liabilities of that lawsuit. Approx $30 something Million USD in damages... they could have done that but why throw away unnecessary funds....
Instead BioAmber Inc, not PWC, proposed they adopt a "Liquidation Plan" while actively communicating with Potential Putchasers to see under what terms a transaction would take place.
Let's not forget that the ex CEO of BioAmber JF Huc was heading the qualified bid from Greenfield Global. CONVENIENTLY during the "DD period" of July 2018. JF Huc continued settlement discussions with the ongoing class action parties in July 2018!
The court appointed Monitor PWC, decided to LEAK the names of the 2 leading bidders in July 2018!!!!
How convenient timing of events
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