Replies to post #138202 on BioAmber Inc (fka BIOAQ)

[TheRealMrPirate]

Tomato, tomatoe, Potato, potatoe.
There was NO sale of The Company: neither the parent or any subsidiaries.
Yes, the shares are stuck with Delaware 4612067.
BioAmber Canada was the head office, you remember what a head office in a corporate setting does, no?
"The Company" was liquidated - as in all 3 entities, stripped of "all" it's assets.
No more Canadian head office, no more Sarnia operation.
All that's left is an abandoned shell, one that is no longer legal.
I've explained it many times, no longer am I explaining anything.
9th report, try the 10th. Read it yet ? You must be aware of what a timeline is no?
Sorry about your luck.

[Real McCoy]

No, embarassing.

The context of that comment was a budgeted line item - “forecast fees for the sale of the company”. I don’t have much issue with it, and remember when they wrote it they didn’t think they’d see this kind of insanity and delusion.

What else would you call a budgeted line item in a bankruptcy whose goal was to sell the company? I guess they could have changed it to “liquidation” as at that time it was known but again they had shown the SIGNED APA at this point and didn’t know they would be dealing with learning disability several reports later.

No one has ever said they sold the equity in this company, or any “Company” here, which makes sense as that was never announced and shareholders were never informed. And obviously it doesn’t need to be stated that a material event like an equity sale did not occur 5 years ago with no obligation to report it - LOL.

[trader59]

Yeah, because monitors in bankruptcy proceedings are known for hiding clues within their reports and motions, and one of the most subtle is the "capital letter vs lower case" diversion, takes a real internet detective to pick that out....
SMH
Fortunately, they published the Asset Purchase Agreement, so there isn't any doubt what got sold and what didn't.

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

They also told the courts, the creditors, the public (including shareholders) over and over there was not a purchase of the shares, and the shareholders were getting nothing. They told that lawyer that Tacpans and the shareholders hired to represent them, too. Wonder why nobody has flipped that guy an hour's pay and asked him if the liquidation and shut down really happened.