BioSyntech $3.9M fire sale - Orbite Technologies fire sale was $4.56M.
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Piramal stated BST-Cargel® market is worth $1B upon obtaining the CE Marking approval from the European regulators! During the video clip, a Piramal family board member indicated this is the type of innovative investment they like to make ... certainly a $3.9M fire sale.
Yeah Buddy liquidation is brutal to say the least. It definitely sucks as in a liquidation nobody ever wins. Not the shareholders or the creditors who are owed normally huge amounts of money. The only one who benefits in a liquidation is the company acquiring the assets plain and simple. Just like here LCYB hit a home run as they got everything for a measly $4.34 mil. LCYB’s bid was the highest made in the liquidation though. I get why everyone hopes and dreams of more to come but that just will never happen here. I don’t see a class action for the BioAmber liquidation ever happening honestly. It would cost a huge sum just to try and get one going and it would have to get past the judge first and I don’t see that happening that’s for dam sure
Quick question, In any of the cases you mention did PWC the monitor release a statement clarifying that the Tangible assets had been sold during ccaa proceedings? Keep in mind that said statement was issued in 2020.