Replies to post #100427 on BioAmber Inc fka BIOAQ

[trader59]

Nope, outright sale of the assets:

[Real McCoy]

The MRO thing can be safely dropped. That would require the Purchase Price for the assets to be retained by the company and put toward MRO. Instead, the funds were allocated and paid to the secured creditors, and it has been definitively documented as such. There is no possible way to legitimately say that the Purchase Price was spent on plant maintenance.

[Awigo]

According to GFive, Mica told them that Visolis & Lcy offered a quantum of purchase price ($4.3M upfront for MRO) + share purchase + future royalty.
Nice, eh?
No wonder everybody including the judge approved the transactionS.

Good things coming for shareholders.
Margin calls coming for shorties.

LOLz