Replies to post #106774 on BioAmber Inc fka BIOAQ

[youngster-moon]

What is the purpose of the CCAA Proceeding? That answers your question right there

[Real McCoy]

The purpose of the CCAA was to restructure the company in the best way possible with an eye toward continue local employment. That is what happened here. No, there wasnt a public deal and a private deal enacted to take value from the market at large and redistribute it to a team of sophisticated internet sleuths, but it was exceptional in that it began as a recap and evolved into a liquidation that will allow the assets to be assumed by a well capitalized group that will utilize the local assets.