Replies to post #113564 on BioAmber Inc fka BIOAQ

[Real McCoy]

The entirety of the purchase of the assets was public. There is no doubt whatsoever that Bioamber was liquidated.

[Lucky77Dice]

Yep...It appears the components to resume operations were”not for sale....Just CERTAIN assets were though....However assurances were provided as to the availability of them should bio succinc acid operations resume....Some may disagree However they are free to interpret the reports and DD as they understand it...

[Brucebannerr]

Not sure what part about the creditors being in control was hard to comprehend. When the sale as a going concern failed . There was no company left . Just the Monitor. And it was his job to cooperate with the creditors and follow the court ORDER to liquidate those assets . Pretty simple concept when one isn't delusional and desperate.
10. Following the failure of the SISP to realize a going concern sale of the business, and based on the views
of the Company’s secured creditors at that time, the focus of the Company shifted beginning in early
August 2018 to conducting a liquidation sale process within the CCAA Proceedings. The Third
Amended and Restated Initial Order authorized the Company and the Monitor to conduct a second
sale process to seek other offers for the Company’s assets and operations in a liquidation scenario (the
“Second Sale Process”). The manufacturing operations of the Company were suspended in early
August 2018 and the vast majority of the Company’s employees were terminated.
12. The Second Sale Process led to the sale of the vast majority of the Company’s assets based on a joint
bid by Visolis Inc. and LCY Technologies Inc. (the “Visolis Transaction”). The Visolis Transaction
was an asset purchase transaction involving the vast majority of the Company’s physical assets and
intellectual property. It did not include the shares of BioAmber Inc. or any of the Company’s
subsidiaries, nor did it include the cash, accounts receivable or inventory of the Company. /b]