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BioAmber Inc. (fka BIOAQ)

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Last Post: 11/24/2020 7:32:14 PM - Followers: 402 - Board type: Free - Posts Today: 20




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Since Bankruptcy & Liquidation, Above info is obsolete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"


Monday, November 23, 2020

 

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.

PostSubject
#110039  Sticky Note THANKS! Pretty amazing we squeezed 4.3m USD iron-eagle 11/21/20 09:13:02 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
#110130   $5.55 usd coming ?? xquio 11/24/20 07:32:14 PM
#110129   WHOOO. THIS ONE IS TOAST. Lets GO HOME. rick flair 11/24/20 05:42:25 PM
#110128   Not a peep has been heard from this Real McCoy 11/24/20 02:19:29 PM
#110127   yes great news, alive and well, were all whitegold3 11/24/20 02:15:06 PM
#110126   BioAmber is long since gone so how is toncatmad 11/24/20 02:03:11 PM
#110125   Nice read..That”s great news for Bioamber...Thank you sir... Lucky77Dice 11/24/20 01:52:04 PM
#110124   That’s great news for LCYB and KKR toncatmad 11/24/20 01:19:49 PM
#110123   Yeah right lol. I would have a better toncatmad 11/24/20 01:19:21 PM
#110121   I know right. Funny how so many were toncatmad 11/24/20 01:12:54 PM
#110120   yesterday (2021-2030)Bioamber Bio-Plastic Packaging Market whitegold3 11/24/20 12:56:03 PM
#110119   Lmao cool story Longstrongsilver 11/24/20 12:18:40 PM
#110118   Well we already know BioAmber only had one toncatmad 11/24/20 11:59:11 AM
#110117   Jan 15, 2020 — PBS plant in Thailand, whitegold3 11/24/20 11:21:26 AM
#110114   Patents they don’t own? They bought a ton toncatmad 11/24/20 08:00:07 AM
#110113   Looks like LCYB is off and running. That’s toncatmad 11/24/20 07:40:01 AM
#110112   Hahahahahaha!!! Let me guess. So LCY is shipping Groundskeep 11/24/20 06:23:07 AM
#110111   Congrats Bill Radany, the CEO of LCYB, LCYB&N, Awigo 11/24/20 03:33:02 AM
#110109   Of course we can always go with the Brucebannerr 11/23/20 11:19:43 PM
#110108   The actual signed agreement governing this transaction has Real McCoy 11/23/20 11:10:31 PM
#110107   So nothing then. Duly noted Longstrongsilver 11/23/20 10:19:21 PM
#110104   Facts right from the court docs and monitors toncatmad 11/23/20 07:09:56 PM
#110103   I never once said your stock would be toncatmad 11/23/20 07:07:49 PM
#110101   LoL, facts are posted on PWC's website, opinions TheRealMrPirate 11/23/20 06:11:16 PM
#110100   No one is arguing share cancellation. Share Real McCoy 11/23/20 05:58:51 PM
#110099   Provide the cancellation proof. Otherwise look up the HymanMinsky 11/23/20 05:56:00 PM
#110098   Again- there were 2 payments in the stated Real McCoy 11/23/20 05:45:22 PM
#110097   You first Longstrongsilver 11/23/20 04:58:28 PM
#110096   I think for sanity's sake you should let Real McCoy 11/23/20 04:54:27 PM
#110095   How about this. Why don’t you show one toncatmad 11/23/20 04:50:00 PM
#110094   Except there is no interpretation here. In black toncatmad 11/23/20 04:10:43 PM
#110093   Yes it is all the same just like toncatmad 11/23/20 04:08:02 PM
#110092   Of course it is lol. The opinion Longstrongsilver 11/23/20 04:03:13 PM
#110091   Just because it is your opinion that C-A-T Lifetime 11/23/20 04:00:55 PM
#110090   Lmfao oh no you didn’t! !!!!! Nice try. Longstrongsilver 11/23/20 03:58:21 PM
#110089   Never an opinion when what I state is toncatmad 11/23/20 03:39:51 PM
#110088   You got it. The 340,000 down payment that toncatmad 11/23/20 03:39:12 PM
#110087   *in your opinion. (Once again of course) Longstrongsilver 11/23/20 03:37:51 PM
#110086   Again it is exactly what is stated in toncatmad 11/23/20 03:35:02 PM
#110085   Except it isn’t clearly stated lol. Also again Longstrongsilver 11/23/20 02:58:51 PM
#110084   The no hopers have never acknowledged the 340k Real McCoy 11/23/20 02:57:03 PM
#110083   Well it has zero to do with BIOAQ toncatmad 11/23/20 02:49:30 PM
#110082   The shareholders here were also wiped out. Real McCoy 11/23/20 02:47:18 PM
#110081   While there surely isn't a reason to be trader59 11/23/20 02:37:10 PM
#110079   Here’s another unrelated yet related example of things Longstrongsilver 11/23/20 02:31:22 PM
#110078   Yes, I do realize that. Have a blast! trader59 11/23/20 02:24:37 PM
#110077   No it has to do with WORDS and Longstrongsilver 11/23/20 02:24:25 PM
#110076   Lmao. You realize post history is easy to Longstrongsilver 11/23/20 02:23:34 PM
#110075   Nah lol. The link you posted has zero toncatmad 11/23/20 12:53:59 PM
#110074   I don’t think anyone has ever objected to Real McCoy 11/23/20 12:38:54 PM
#110073   Nobody has said that's what "up front" always trader59 11/23/20 12:27:13 PM
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