Replies to post #131571 on BioAmber Inc fka BIOAQ

[fireballka7]

that is what the documents say. Awesome as always IE.

[Gold prospector]

Appreciate the DD! Good things coming!!

[Brucebannerr]

Of the 11 bids " ALL" where different forms of LIQUIDATION offers .
Thanks for the confirmation once again.
No recapitalization anywhere to be seen in any filings = worthless shares .
Awesome DD cawwwwww

[Real McCoy]

I’m stating it was an asset purchase.

Did you read Par 11 - SISP failed so liquidation?

Did you read Par 14 - all bids were assets only?

Did you read the bottom of your quoted Par 17- only creditors would receive anything?

Pathetic- the “Qualified Bids” after all this time clearly can refer EITHER to the Assets or the Recapitalisation. Then they say over and over what happened here with the assets, state they sought extended powers (Par 11) since their thinking at the time of the defining of the Qualifying Bids changed anyway, and you use this to claim the APA was a hoax?

You really do have nothing. 14 months and ticking.

[trader59]

Yet another complete misrepresentation...
Here's the page that precedes the one you posted from the bid solicitation document describing the bidders options. Note paragraph 3, the bidders could bid on all or part of the assets. Then note paragraph 4, the bidders could bid to recapitalize the company by selling stock, and it would be up to anyone wanting to do that to decide whether to cancel the existing stock or not. That ties to the paragraph 7(e) of the page you posted, but since the bidders didn't have to bid on a recapitalization (and none of them did), it was moot.
There were 11 qualified bids, and they're all tabulated on page 37 of the 6th monitor's report. 2 were for all of the company's assets, the other 9 were for parts of the assets. The bid accepted was $4.34M for all 3 lots of assets, and they're all listed beginning on page 77 of that monitor's report.
Anybody that wants to know the truth needs to get away from those who lied to them by fabricating the fairy tale about a buyout in order to flip the stock for a profit and read these documents for themselves.

https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf

[I-Glow]

There wasn't anyone that that bid on Bioamber as a going concern and took on the debt that is why the Judge ordered a liquidation of Bioamber.

IG

[toncatmad]

Well yes LCYB was a qualified bid and that bud was for the assets of BioAmber nothing more. Anyone could have bud on the company Or just the assets or part of the assets for that matter. There is nothing stating bids had to include the shares or the BioAmber Corp. it is quite funny how it’s twisted to mean a qualified bid must be fit the share though lol!!
The newest fallacy that BioAmber shareholders will be paid from the KAH*C spac is one more in a kind string of made up Bs for the suckers to crow about CAWWWW NOPE LMFAO!!