Replies to post #125682 on BioAmber Inc fka BIOAQ

[toncatmad]

If only that were true but since we have the APA, court docs, monitors reports and SEC 8k filing we know it’s not.
It’s plainly stated in the APA exactly what was purchased for $4.34 mil. It’s also plainly stated in BioAmber’s final 8k that it was ALL the companies assets save and except for the cash, AR, inventory and some office furniture in the US.
It was not for MRO as LCYB owns and operates their Sarnia plant free and clear. LCYB is not simply managing the plant like some would like to believe. The plant and land as well as all of the other assets were vested to LCYB by the judge free and clear of any debts. LCY’s lawyer stated the same

[Real McCoy]

Honestly how is this so difficult? How desperate can you get?

"On October 22, 2018, the Company completed the sale of certain of its assets to LCY Biotechnology Inc. (previously 9384-3076 Québec Inc.). These assets comprised all of the Company’s assets, save and except for the cash, accounts receivable and inventory of the Company, and also excluded certain U.S. based office equipment."

"The liquidation of the Company’s assets will result in little to no residual value for non-secured creditors, and no residual value for equity investors of the Company."

They are using the same language from the last ever press release, and it is crystal clear it is all the assets.

https://sec.report/Document/0001193125-18-309191/