Replies to post #109812 on BioAmber Inc fka BIOAQ

[randomwalk007]

fair enough, but what about this takes +2yrs to accomplish? time kills deals. are the assets of bioamber inc being used in current & restructured operations?

[whitegold3]

great post Koan, thanks

[Real McCoy]

There is no continuing story of any Bioamber company. Hence the deletion of the ticker. Their rosy assumptions as they entered bankruptcy with the hope of emerging recapitalized are, quite obviously, trumped by the outcome stated by the Monitor and approved by the courts, I.e., liquidation very specifically of all 3 entities.

Shameful to inspire hope here. Truly.

[Brucebannerr]

Excellent DD . A simple reading and comprehension of the last 10k will show there are many contractual aggrements with the dead debt ridden parent company backing much of the secured debt . Glad you set things straight for the uninformed . Also if one were to understand the cancelation of shares one would know it takes a plan to do that . The dead shell had no plan besides liquidation of assets . Leaving shares attached to a dead company untradeable and worth zero in value . They will never be canceled. Not sure why the cancel fairytale is pushed so hard . Must likely because it will never happen .

[trader59]

Here's an update:

There is no second step. It was an option, but the purchaser (LCYB) only bought the assets of the company, and that was everything of value, including the patents, plant, etc., from all 3 BioAmber entities. It is all there in the APA included in the 6th monitor's report, just has to be read, and it did require the approval of both the US and Canadian courts to sell it all in 1 transaction.

BioAmber, Inc., guaranteed much of the secured debt owed by BioAmber Sarnia, too, and since the dead companies are still associated and the debt was not paid, it is still attached to the whole of the company. Likely by now, some of the unsecured creditors have written that debt off, but I would bet "Her Majesty" hasn't forgotten hers.

And, like it or not, this company is dead. It is quite amazing that all the court records, even the 8K's for the resignation of every director and officer and the monitor's reports documenting everything to do with the liquidation and the layoff of every other employee, can be completely ignored in favor of a "theory" that the company must still be alive because it can be found with a Google search.

[THEDOG 17]

Here’s an update : Nice post !!! And Good Things Are Coming Very Very Soon!!!!