Replies to post #133652 on BioAmber Inc (fka BIOAQ)

[dalesio_98]

"How do you interpret this?"

Very simply - CCAA SISP/restructuring failed, stay was extended to Sept. 18, 2018 to allow for liquidation to take place and subsequently liquidated for 4.34 million. Liquidation was the next step in the evolution of the CCAA file.

"As a result of the liquidation process, all of the directors and officers of the Company and its subsidiaries have resigned, leaving PWC to oversee the process in its role as monitor, under the supervision of the Court."

Yes, PwC Monitor was discharged.

To reiterate:

CCAA SISP/restructuring failed and subsequently liquidated for 4.34 million. Yes, PwC Monitor was discharged.

I disagree with Iron Eagle indicating PwC was appointed twice (post 133645). One CCAA file and Court hearings to conclude CCAA/Chapter 11 & 15 in Canada and the USA.

[Real McCoy]

You vastly underestimate the entertainment/comedy value of asking about an “interpretation” of an old press release.