Replies to post #100233 on BioAmber Inc fka BIOAQ

[Real McCoy]

But how do you reconcile that LCY's attorney wrote a legal letter stating matter of factly that the asset purchase was the only money coming in the transaction, which is utterly consistent with the Monitor's reports, signed off on by the judge and watched intently by the secured creditors?

[trader59]

LOL

So, tell me, if the shell was so valuable, why didn't LCY just go ahead and acquire it during the SISP or even the liquidation? They could have had the shell simply by offering to pay its debt, probably just its secured debt, and the shareholders still get absolutely nothing.

Nevertheless, what sense does it make for delay in making that offer and closing that transaction?
Answer: none whatsoever.