Replies to post #136811 on BioAmber Inc (fka BIOAQ)

[Real McCoy]

It is NEVER allowable to keep any material transaction “mum” for a publicly traded company.

This was an asset sale in a liquidation, obviously.

The requirements you speak of to operate the assets are for a transaction type that was simply not reported here. In that type of transaction, they keep nothing material “mum”, obviously, but they do have to demonstrate that they actually want the assets and not just the write off.

In this case, the write off is worth less than the outstanding debt…

Less Than, it is truly over.

[toncatmad]

So why would the tax benefits be a good reason to keep it “mum”? Keeping it mum is bankruptcy fraud FYI…
NDAs do not hide the sale of a company from its owners (the shareholders), NDAs are never used to hide material information EVER!!
NDAs are only used to protect confidential inner company info like anything that was perused during the company walkthrough before bidding on the liquidation.
Do you really believe your crap?

They would only have to have to continue the business for 2 years from the change date to avoid the steep penalty’s so why are they waiting almost 5 lol