Replies to post #96630 on BioAmber Inc fka BIOAQ

[Brucebannerr]

The fairytale liquidation plan has yet to be seen . Seems like it should have been seen when the case was still open . Lcy's plan was to get the assets as cheap as possible. And the results of that plan are plainly spelled out in the very last words from the monitor. It is much more up to date then a request for bids . And as can be seen in the bids submitted. Not a one had a plan that included shares of the debt ridden shell.
The Monitor has distributed the funds in its hands from the liquidation of the Companies' assets to the secured creditors of the Companies. The claims of those secured creditors have not been satisfied in full. There has been no plan of compromise or arrangement made in respect of the Companies, and the residual claims of the secured and unsecured creditors of the Companies remain outstanding.

By virtue of the Order of the Superior Court of Quebec dated July 2, 2019, with the filing of the discharge certificate, the CCAA Proceedings are now terminated.

[trader59]

Good lowered, go look at the court order for the liquidation approval. It says right on page 1 it is for all 3 BioAmber entities.

https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-032_091918.pdf

Go look at the APA included in monitor's report 6, you'll see the assets of all 3 entities included:

https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf

The longer this refusal continues to read the actual court documents, the longer the denial will exist that the whole company was liquidated. The whole company was liquidated for $4.34M, like it or not.