Replies to post #96807 on BioAmber Inc fka BIOAQ

[fireballka7]

Yep, so we just got conformation that roughly 55 million of secured debt somehow magically got paid off for that title to transfer to LCY. those ducks are getting knocked down 1 by 1... our turn is next IMO.

[Brucebannerr]

In this case the lien holders decided to give the monitor the power to sell the property for them. Approved by the courts . As plainly spelled out many times .Thats what happens in exceptional liquidations . Unless the below statement is a lie .
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.