Replies to post #105208 on BioAmber Inc fka BIOAQ

[Real McCoy]

This has been addressed many times. The judge was saying from the point of view that the plaintiffs the contracts had value. And the judge said that the court would not opine on whether it agreed or not. The point being it was irrelevant because the secured creditors did not remotely support pursuing.

The context in which the judge addressed this after after the bankruptcy was closed, due to a shareholder, like yourself in disbelief over the outcome. The truth is, DURING the bankruptcy, when the bidders could bid on and buy whatever they wanted, nobody wanted the contracts you are referencing.

[Brucebannerr]

Unfortunately there is nobody left to pursue that contract . The judge plainly states the dead company has no tangible assets left or anybody in charge .Thats if one were to actually read and comprehend the judges words .
the Court cannot ignore that
there is no longer any need or chance of restructuring BioAmber as the three corporations
no longer have any tangible assets left nor any funds available to resume their operations
and production of the products needed by Vinmar, without forgetting that all of their
officers and directors have resigned since August 31, 2018 and that none of the secured
and unsecured creditors have shown any interest in pursuing the proposed uncertain and
risky litigious venture
So if the creditors in front of the shareholders see no value then shareholders are screwed.