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BioAmber Inc. (fka BIOAQ)

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Last Post: 5/24/2022 2:58:57 PM - Followers: 405 - Board type: Free - Posts Today: 11




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Since 2019 Bankruptcy & Liquidation, Above info is obsolete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"


December 23, 2019

 

SHAREHOLDERS WILL REMAIN INTACT

 

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.


 

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________












***IN A TRANSPARENT MOVE

PWC HAS REMOVED ALL

DOCUMENTS REGARDING

THE CCAA PROCEEDINGS

INVOLVING BIOAMBER ON OR

AROUND MAY 13, 2021***



STATUS UPDATE 11.01.21



LITTLE ORPHAN BIO-AMBER







 
PostSubject
#126608  Sticky Note You know what the problem is with Bioamber? iron-eagle 04/22/22 11:53:46 PM
#123567  Sticky Note NUMBERS ISSUE UPDATE: iron-eagle 01/29/22 05:38:45 PM
#122407  Sticky Note A Twitter group hyped BIOAQ before Bankruptcy/Liquidation. After Homebrew 01/01/22 07:21:08 PM
#97912  Sticky Note 1 year and 291 days since BioAmber Stock TenKay 01/09/20 12:46:12 PM
#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
#127362   I am confused how you linking all this LETSWIN2020 05/24/22 02:58:57 PM
#127361   Some people don't like good things are coming biowin 05/24/22 01:30:21 PM
#127360   All I read was cluck, cluck, cluck... Delaware TheRealMrPirate 05/24/22 01:07:18 PM
#127359   Bioamber was bought by Visolis, NEWS award winner!!!!Read, biowin 05/24/22 12:36:37 PM
#127357   Nothing will happen next, this was closed out. Real McCoy 05/24/22 11:11:30 AM
#127356   It will be very interesting to see what JamStar 05/24/22 11:07:05 AM
#127355   Those Click-Bait articles change the dates and repost Homebrew 05/24/22 10:01:25 AM
#127354   Awesome!! ... you own shares in Visolis ? TheRealMrPirate 05/24/22 07:18:33 AM
#127352  Restored Visolis, winner 2022, https://www.prnewswire.com/ae/news-releases/as-part-of-the biowin 05/24/22 01:17:22 AM
#127351   Means nothing for shareholders of the past in bioaq LETSWIN2020 05/23/22 07:18:31 PM
#127350   Didn’t you read. There was no pump and toncatmad 05/23/22 04:37:13 PM
#127349   All true. And there were an awful lot 1manband 05/23/22 04:25:27 PM
#127348   Also good options.... Homebrew 05/23/22 02:28:47 PM
#127347   New ticker choices...BYBY, GONE, DEAD, BKPT, KPUT, DLET, Homebrew 05/23/22 02:26:35 PM
#127345   You can post as much as you want, TheRealMrPirate 05/23/22 01:51:58 PM
#127344   Bioamber's technology proven and awarded as an environmental biowin 05/23/22 01:29:56 PM
#127343   Nope. Forecast period 2017-2028. Real McCoy 05/23/22 12:52:49 PM
#127342   Bioamber part of an expansion market today, https://voiceofthesouth.com.au/2022 biowin 05/23/22 12:51:31 PM
#127341   Bioamber and its customers today, https://www.marketwatch.com/press-release/biob biowin 05/23/22 12:49:44 PM
#127340   The "forecast period" is 2017-2028. This is Real McCoy 05/23/22 12:21:20 PM
#127339   Posted one hour ago….. BioAmber 2029 Greenhand3 05/23/22 12:10:04 PM
#127337   More good things are coming. Greenhand3 05/23/22 12:05:16 PM
#127335   This is great. Thanks for posting. Greenhand3 05/23/22 12:01:56 PM
#127334   2019..."Good things Soon"...2020..."Good things Soon"...2021..."Good things Soon Homebrew 05/23/22 11:42:16 AM
#127333   (LCY(Bioamber) today, https://voiceofthesouth.com.au/2022/05/23/succinic-acid-market-forecasting-pro biowin 05/23/22 11:40:41 AM
#127332   It takes almost sophistication to know this ended. Real McCoy 05/23/22 11:37:40 AM
#127330   I would never laugh at anyone who lost toncatmad 05/23/22 11:24:33 AM
#127329   Trying? This ended 4 years ago. Real McCoy 05/23/22 10:46:25 AM
#127327   Lol TravO 05/23/22 10:35:35 AM
#127326   BioAmber 2022, Deal with it! Greenhand3 05/23/22 10:32:20 AM
#127325   LMFAO!! I was smart enough not to listen toncatmad 05/23/22 09:55:16 AM
#127324   4 years ago, when they were seeking financing, Real McCoy 05/23/22 09:54:48 AM
#127323   When this happens, it will just happen out novinut 05/23/22 09:37:20 AM
#127322   Its dead man. 4 years ago. Real McCoy 05/23/22 09:29:51 AM
#127320   Former : "Bioamber" - Summary : https://investorshub.advfn.com/boards/read_msg.a TheRealMrPirate 05/23/22 07:45:14 AM
#127319   Still beating a dead horse I see. TheRealMrPirate 05/23/22 06:58:53 AM
#127318   I would go back and check all the toncatmad 05/23/22 06:21:55 AM
#127317   BioAmber isn’t on the hook for anything as toncatmad 05/23/22 05:18:41 AM
#127316   It has been asked and the buyer has Real McCoy 05/23/22 12:07:52 AM
#127315   You can ask 100 times but the reality iron-eagle 05/23/22 12:05:08 AM
#127314   No company has said a sale of substantially Real McCoy 05/22/22 11:55:51 PM
#127313   No I’m asking you (6th request). Real McCoy 05/22/22 11:53:02 PM
#127312   They have been answered using sec filings. iron-eagle 05/22/22 11:47:11 PM
#127311   Your question needs to be asked to LCY. iron-eagle 05/22/22 11:43:48 PM
#127310   Great so then you would agree Bioamber’s debt iron-eagle 05/22/22 11:40:24 PM
#127309   IE can’t answer questions. The end is Real McCoy 05/22/22 11:33:13 PM
#127308   What’s the problem? It was liquidated and Real McCoy 05/22/22 11:22:22 PM
#127307   You left out this part of the 10th trader59 05/22/22 11:10:10 PM
#127304   Not quite... trader59 05/22/22 10:53:57 PM
#127303   I figured you’d get a fantasy answer by THEDOG 17 05/22/22 10:43:31 PM
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