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Real McCoy

12/06/23 3:04 PM

#138807 RE: iamadog #138806

NOLs were available but were not more than the debt and no one wanted the company. Since equity was not purchased the NOLs are now dead.
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TheRealMrPirate

12/06/23 3:29 PM

#138808 RE: iamadog #138806

Na ah ah, the full KERP was not paid, incorrect. That needs to be re-read very slowly.
The KERP "amount" to continue operations through-out the process to completion was paid out.
That process has now ended with the company liquidated.
There is no "interpretation" of liquidated, the company "has been liquidated", ALL assets are gone.
This was great article, you should have a read. Here's the link.
https://biomassmagazine.com/articles/lcy-chemical-purchases-bioamber-assets-sarnia-biorefinery-15729