Replies to post #118404 on BioAmber Inc fka BIOAQ

[trader59]

Oh, please…

Best interests does not mean that everyone gets money, especially when they explained in detail who did get money (a couple of the secured creditors) and who didn’t (the remaining secured creditors, the unsecured creditors, the other claims, and the shareholders). They said it, but it was ignored.

Best interests means it was the maximum value there was in the company assets as reflected in the winning bid.

Any of the other secured creditors claim PWC lied making that statement? Nope. How about the unsecured creditors? Nope. They all understand bankruptcy liquidation.

[Longstrongsilver]

That obvious distinction doesn’t even matter. $4.3 million wouldn’t have even been in the best interest of 98% of all creditors much less all stakeholders lol. It’s beyond absurd