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trader59

02/06/20 10:51 PM

#99471 RE: iron-eagle #99468

The arrangement with Reverdia was uncomplicated. BioAmber pays a royalty for using the Reverdia processes. Anybody with a corn sludge plant can make such an arrangement with Reverdia. Anybody. LCYB may choose to do that, may not.
Just so happens there was a motion prepared to have the Reverdia agreement assigned to LCYB during the proceedings. All that was asked was the "back royalties" of just over $400k to be paid by the LCYB and it was theirs. LCYB chose not to do that.

Here's the motion, but it was never used:

https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-033_092418.pdf
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Groundskeep

02/07/20 4:39 AM

#99479 RE: iron-eagle #99468

Holy $heet...! Well this has gotten my attention.
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LETSWIN2020

02/07/20 4:48 AM

#99480 RE: iron-eagle #99468

Its nothing imo ..at the end will be another meaningless dd.