No PWC has not made conflicting statements. PWC stated that the deal with LCYB was in the best interest of everyone and it was as it was the highest offer they received and included an LOI and 10% deposit as requested.
PWC said that BioAmber was liquidated and sold off ALL of its assets to LCYB save and except for the cash accounts, the inventory, the Accounts receivable and did not want any of the contracts assigned so LCYB did not receive some third party items as well. LCYB did however get ALL of the tangible and intangible assets for an Upfront purchase price of $4.34 mil broken up in a 10% deposit with the LOI as well as the balance paid upon closing.
There were plenty of fees I’m sure that needed to be paid as everything sold off to LCYB. They forecasted warehouse and logistic fees as well. Was that to hold the billions to payout to shareholders too? PWC also spoke about buying all or part of the assets of a company chose to or a company could have taken on BioAmber as a going concern. Nobody want to take on BioAmber and it’s $80 or so mil of debt and failed contracts. They however did not pay any fees for the sale of BioAmber Inc (where the shares are) or the shares as both the Corp and shares were not wanted or sold heck the corp and shares were not wanted by anyone in the first SISP or in the They all just wanted the assets or part of the assets and that’s it.
The key is you have to actually read all of the documents starting with the first monitors report all the way through the last instead of just picking out pieces to try and fit your fantasy.
PWC was not the fabricators. PWC actually spoke about and tried to dispel the internet BS about more coming to BioAmber shareholders. PWC did state that the ENTIRE purchase price of $4.34 mil was paid by LCYB. There is no other transaction, there never was and never will be. Then in the end they released the final 8k stating that equity investors (shareholders) would receive NOTHING from the transaction with LCYB.
That’s it. PWC stated it all plainly in black and white.
The DD Fabricators are long gone. They sold their front loaded cheap shares into the buying volume long ago after spinning the worst lie I have ever seen that an insolvent liquidated company’s shareholders would receive loads of money for their shares. I mean how can anyone believe that when it is impossible that it could ever happen. How could anyone believe that there could be a super secret hidden transaction to be announced 4,5,5,10 years later. How could anyone believe the shares of a company would be sold without speaking to the owners of the shares (shareholders)?
I know not one single person has spoken to an attorney about this as any legit attorney would laugh this out of their office. No legit attorney would take a case where there are 13 monitors reports and loads of court docs all saying the same thing. Insolvent BioAmber with $80 or so mil of debt was liquidated for $4.34 mil and yet it’s shareholders are going to receive $4/share or more which would be 100x its last traded price before being suspended and it’s ticker symbol deleted by FINRA to be announced more than 4 years after the secret transaction took place without the knowledge of the owners of the shares. Sure that should get a good laugh ??
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