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BioAmber Inc. (fka BIOAQ)

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Last Post: 5/14/2021 10:11:16 AM - Followers: 404 - Board type: Free - Posts Today: 16




http://www.bio-amber.com/

http://www.facebook.com/bioamber
http://twitter.com/BioAmber
http://en.wikipedia.org/wiki/BioAmber


BioAmber Inc. is a sustainable chemicals company. Its proprietary technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstock into building block chemicals for use in a wide variety of everyday products including plasticsresinsfood additives and personal careproducts.[1] BioAmber was listed on the New York Stock Exchange between May 2013 and February 2018, under the symbol BIOA.[2] It was also listed on the Toronto Stock Exchange under the same symbol. BioAmber is a Delaware corporation with a head office in Montreal, Quebec, a research facility in St. Paul, Minnesota, and a commercial plant operating in SarniaOntario.[3] 

BioAmber’s investors include 
Sofinnova Partners (France), Naxos Capital Partners (Luxemburg), Mitsui & Co. (Japan), LANXESS (Germany) and the Cliffton Group (Canada).[4]

 

CORPORATE PRESENTATION

https://www.bio-amber.com/_media/en/pdf/BIOA_Corp_Overview.pdf

 

Since Bankruptcy & Liquidation, Above info is obsolete
 

=====================================================================================================================



IMPORTANT NOTICE !!

Company Liquidation is COMPLETED.

Ticker Deleted by FINRA on 11-21-2019. 

They will no longer exist for trading.


FINRA Daily List Deletion:



 
Cancellation of the common shares will happen. See Section 1124 under Title 11 of the US Bankruptcy Code.

==========================

BioAmber IS CURRENTLY BANKRUPT
under Chapter 15 of the US Bankruptcy Code.

http://www.pacermonitor.com/public/case/24653251/BioAmber_Inc_and_BioAmber_Inc
==========================
There is no plan of arrangement. All attempts at reorganization failed, which is why the Company was liquidated.
There is nothing of value left to reorganize, which is why the company is being wound up.
==========================
The docs are VERY clear. There is no restructuring. That failed.
All the assets have been liquidated and ALL the BioAmber companies are being wound-up.
==========================
Once the Canadian Proceeding is closed it will move back to Delaware (as BioAmber Inc. is a Delaware Corp)
which is where Mitsui and Bridge will duke it out and then the remaining debt of BioAmber Inc. will be expunged and the equity along with it.
==========================
Here is an informative article by the President and CEO of OTC Markets about Short "Volume" v "Interest"

https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/

Short VOLUME is not Short INTEREST even though promoter run websites like OTCSHORTREPORT try to portray short VOLUME as naked short INTEREST. It’s not...in any way.

The short interest on BIOAQ as of January 15, 2019 was a little over 21,000 shares.
==========================
There is no restructuring or sale of the company as PwC has disclosed. As a result it went to liquidation at the end of July.

Plant sold for $4.3 million US and there is no value coming to the equity claims.
==========================
The secured creditors have been approved thus far a total of $3.5M recovery, final distributions still pending. They were owed a total of $39.4M
The unsecured creditors have received $0. They were owed a total of $23.8M.
The only transaction was the sale of the assets for $4.34M and the sell off of the remaining inventory, there is nothing else.
==========================
Teke it from the monitor, shares are not safe. Shareholders are going to lose 100% of their investment in this stock:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146530874

==========================
Good point-by-point explanations:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146547312




UPDATE


"SALE OF THE COMPANY"


May 13, 2021

 

SHAREHOLDERS WILL REMAIN INTACT

MAY 13, 2021-PWC HAS REMOVED ALL CCAA

DOCUMENTS FROM THERE WEBSITE IN A

TRANSPARENT MOVE 


 

BioAmber completed the CCAA proceedings (Companies Creditor's Arrangement Act), on December 23, 2019 upon the filing of the Discharge Certificate. Under CCAA, (Canada law, not US) BioAmber was not in liquidation, receivership, or bankruptcy. Learn more about CCAA here. The monitor was PwC (PriceWaterhouseCoopers) with extended powers from the Canadian court, and facilitated sales transactions with Visolis and LCY Chemical Corp, which together formed the joint venture LCY Biosciences "LCYB", the designated purchaser that purchased and will now continue to operate the Sarnia plant. These transactions must include both assets of the Companies and shares of BioAmber Inc. (the US Parent company), in a multi-step transaction, which aims to take advantage of BioAmber's IP, trade secrets, patents, R&D breakthroughs, Vinmar contracts, and tax benefits of BioAmber's NOLs.




LCY Chemical itself was just recently purchased by KKR in a 1.5 billion dollar acquisition, whereby LCY Chemical Corp is now a private company. Learn more about that transaction here.

PwC's various updates can be found on their website here.



PWC RELEASES AUGUST COURT MOTION ON FEBRUARY 14, 2019 - CONFIRMS SALE FOR
 

"BUSINESS AS A WHOLE"


See Page 4, #18

The Visolis and LCY Chemical Corp joint venture, LCY Biosciences "LCYB" is the strategic buyer

 







====================================================================================
FEB 8, 2019 Evening Update

NEWS !!   PWC Updates Shares Worthless, FINRA Notified


Stick a fork in BIOAQ's common shares. They are DONE. 

Today's Tenth Monitor's Report, issued by PwC specifically to dispel the internet rumors of the common shares having value, proves the common shares are not only worthless, but will be cancelled. 

See Sections 16, 18, 19 below.

http://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-049_020819.pdf 


Anyone holding the common shares when FINRA (who has been notified by PwC) will lose 100% of their investment. Assuming they have a chance to sell, of course. FINRA could decide to delete the ticker at any time from this point forward. 


=====================================================
IMPORTANT NOTICE !!

Company Liquidation is COMPLETED 

Ticker Deleted by FINRA on 11-21-2019. 

They will no longer exist for trading.


 

PostSubject
#113335  Sticky Note Well as another week comes to a close iron-eagle 03/26/21 08:30:46 PM
#106797  Sticky Note Nope, not an opinion. That description from trader59 08/03/20 09:42:14 PM
#97912  Sticky Note 1 year and 291 days since BioAmber Stock TenKay 01/09/20 12:46:12 PM
#94532  Sticky Note There is no Belgium incorporated company, parent or otherwise. 1manband 12/13/19 03:23:13 PM
#89030  Sticky Note BioAmber Valuations Koan 11/08/19 11:21:05 AM
#58534  Sticky Note Much has been made here today about certain IH Admin [Edward] 02/03/19 03:49:51 PM
#28864  Sticky Note BOARD WARNING - Please Read: The board IH Admin [Shelly] 08/07/18 08:26:20 AM
#115114   They still think a bankrupt, dissolved, liquidated Homebrew 05/14/21 10:49:50 AM
#115113   Good point- they didn’t end up buying the components. Real McCoy 05/14/21 10:47:38 AM
#115112   smell the coffee the big guys got away LETSWIN2020 05/14/21 10:45:08 AM
#115111   Most everyone has downloaded those CCAA files anyway...Quite Lucky77Dice 05/14/21 10:45:07 AM
#115110   Prob took sh's for a ride. LETSWIN2020 05/14/21 10:44:04 AM
#115109   Negligent audits is far different from bankruptcy fraud. trader59 05/14/21 10:11:16 AM
#115108   https://www.marketwatch.com/amp/story/pwc-faces-three-major-trials-that-could-pu biowin 05/14/21 09:58:52 AM
#115107   PWC was not involved in the security fraud Brucebannerr 05/14/21 09:34:31 AM
#115106   Why would PWC delete anything ? The Judge iamadog 05/14/21 09:09:51 AM
#115105   #B026457- Formerly: Bioamber: You could benefit from reading TheRealMrPirate 05/14/21 09:04:29 AM
#115104   #B026457- Formerly: Bioamber: You'd have to personally thank TheRealMrPirate 05/14/21 08:57:07 AM
#115103   https://www.theobserver.ca/news/local-news/sale-of-sarnia-bioamber-plant-complet biowin 05/14/21 08:34:26 AM
#115101   I have no questions at all about the Real McCoy 05/14/21 06:50:15 AM
#115100   Looking for an update on the super secret Brucebannerr 05/14/21 06:25:57 AM
#115099   Yep.....What”s up with the CCAA documents being removed Lucky77Dice 05/14/21 01:42:08 AM
#115096   Sounds like you’ll have some questions. I’d iron-eagle 05/13/21 11:27:30 PM
#115095   Lol thanks for making the point for iron iron-eagle 05/13/21 11:26:15 PM
#115094   Bahahahaahahhahahaahahahaa He lied!! They bought the shares 3 years Real McCoy 05/13/21 10:29:25 PM
#115093   You have them downloaded, Nooooo! You're so good TheRealMrPirate 05/13/21 10:24:47 PM
#115092   So far Bioamber is the only inactive file. iron-eagle 05/13/21 10:21:48 PM
#115091   I figured that you would have everything. capncapo 05/13/21 10:16:22 PM
#115090   Now why would ie waste his precious time Pnypnchr 05/13/21 10:11:32 PM
#115089   Hey its the most transparent thing PwC has iron-eagle 05/13/21 10:02:59 PM
#115088   Aaaah, ... https://www.youtube.com/watch?v=2Vq7D1mIhQk TheRealMrPirate 05/13/21 09:27:09 PM
#115087   So you have no clue ? Pwc the Brucebannerr 05/13/21 08:39:20 PM
#115086   So you believe PWC lied about the liquidation? Real McCoy 05/13/21 08:36:44 PM
#115085   I guess i was wrong... it is not Lifetime 05/13/21 08:35:25 PM
#115084   I'm sure there are LOTS of people who capncapo 05/13/21 08:16:05 PM
#115083   Looks like they got a few hundred other Brucebannerr 05/13/21 07:54:47 PM
#115082   Probably burying everything they can before the chit capncapo 05/13/21 07:41:25 PM
#115081   Cant even pull up the dead and gone Brucebannerr 05/13/21 07:32:53 PM
#115080   Yeah they got dip financing. Brucebannerr 05/13/21 07:24:45 PM
#115079   https://fintel.io/doc/sec-bioa-bioamber-ex991-2018-june-20-18387-409 biowin 05/13/21 07:10:10 PM
#115078   Chapter 15 was CLOSED . Brucebannerr 05/13/21 06:45:07 PM
#115077   Sure was!! Good Things Are Coming Very Very Soon!!!! THEDOG 17 05/13/21 06:17:31 PM
#115076   https://www.pwc.com/ca/en/services/insolvency-assignments/what-is-ccaa.html biowin 05/13/21 05:57:39 PM
#115075   https://www.theobserver.ca/news/local-news/buyer-expected-to-operate-sarnia-bioa biowin 05/13/21 05:54:43 PM
#115074   It's no lie . The shares are worthless. Brucebannerr 05/13/21 04:28:09 PM
#115073   I feel bad that you guys put in novinut 05/13/21 03:59:43 PM
#115072   It has to be. I can’t see how toncatmad 05/13/21 03:59:30 PM
#115071   https://www.pacermonitor.com/public/case/24419228/BioAmber_Inc, what's happenin biowin 05/13/21 03:56:55 PM
#115070   I am absolutely convinced that alot of these 1manband 05/13/21 03:41:03 PM
#115069   Yep, Everyone's!!! Pnypnchr 05/13/21 03:37:25 PM
#115068   Bioamber being bankrupt was a "big lie"? Real McCoy 05/13/21 03:30:04 PM
#115067   I am absolutely convinced that alot of these Lifetime 05/13/21 03:23:47 PM
#115066   Then 2 months after this BioAmber was liquidated toncatmad 05/13/21 03:23:10 PM
#115065   https://thesarniajournal.ca/new-funding-allows-bioamber-to-stave-off-bankruptcy/ biowin 05/13/21 03:16:54 PM
#115064   Best post of all time r/t "the Big $ugar Glider 05/13/21 03:15:38 PM
#115063   https://www.pszjlaw.com/results-662.html biowin 05/13/21 03:00:58 PM
#115062   Bawhahaha ! Just how do you think PWC Brucebannerr 05/13/21 02:47:42 PM
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