Replies to post #130430 on BioAmber Inc fka BIOAQ

[Real McCoy]

Bahahahaahahahahaha.

This was to convince the creditors to allow for the KERP. They were theorizing that allowing current employees to stay on (the KERP) it would make for more efficient scaling and growth.

OMG THIS IS HILARIOUS.

[BFTunechi]

This is it - thank you for this - Keep in mind 1.5 MM went to PWC for fees, so this was a 2.8 MM liquidation. why would they put a bid this intricate for a simple liquidation? Why would they have employees stay on for a cheap below scrap liquidation? Lines up with a Share purchase for that eventual merger.

Also a global pandemic oppressive Canadian government shutting down everything was thrown in the mix too. We shall see, I’ve got nowhere to give my shares, so until 2023 I’ve got hope.

[randomwalk007]

20,000 MT of production was achieved in 2021, why must the last step in this assumed transaction wait until 2023?

[trader59]

Those excerpts are from prospective bidders for the SISP asking the monitor and court to approve a retention bonus for key employees so that they could continue operations expeditiously after a successful purchase. Unfortunately, there were no bids for that SISP, so that motion was irrelevant. That was over 4 years ago. The company was liquidated, the employees were let go.

Anybody that believes that a monitor would lie and withhold a mega-million dollar transaction from 2 federal courts, the company's creditors owed $10's of millions, and are relying on that phantom transaction for over 3 years after the CCAA proceedings were closed thinking it will enrich them really just needs to pull what's left of their money out of the stock market before they lose it all and find some nice CD's. Rates are pretty decent right now.