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BioAmber Inc. (fka BIOAQ)

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Last Post: 4/5/2020 7:26:31 AM - Followers: 414 - Board type: Free - Posts Today: 6




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Since Bankruptcy & Liquidation, Above info is obsolete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"


Friday, April 3, 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
#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
#92119  Sticky Note Sorry, but no. BIOAQ is not a private 1manband 11/22/19 05:02:08 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
#101427   More Twitterland fun... trader59 04/05/20 07:26:30 AM
#101426   Oh, please... trader59 04/05/20 07:07:49 AM
#101425   Nice list . Just one page of 10 Brucebannerr 04/05/20 04:59:57 AM
#101424   Get right and sit tight. fireballka7 04/05/20 12:45:52 AM
#101423   As per the court document, the company and Awigo 04/05/20 12:25:35 AM
#101422   Lmao Woooo... iron-eagle 04/05/20 12:22:17 AM
#101421   It’s all over soon !! Good Things Are THEDOG 17 04/04/20 11:38:32 PM
#101420   Twitterland fun... trader59 04/04/20 11:32:33 PM
#101417   Woooo... $637.... Clearly indicating that the super secret mega transactio trader59 04/04/20 11:17:24 PM
#101416   Pssst.. iron-eagle 04/04/20 09:48:04 PM
#101415   PWC didn't just "put out" the $4.34M, they trader59 04/04/20 06:40:28 PM
#101414   Sooner or later all longs who still have underdog150 04/04/20 06:02:53 PM
#101413   Thank you for the kind remark. Awigo 04/04/20 04:29:18 PM
#101412   According to Nexant's February 2018 valuation, the plant Awigo 04/04/20 04:06:12 PM
#101411   Very interesting idog Pnypnchr 04/04/20 03:47:25 PM
#101408   4.17 is the magic number Pi_Sky2017 04/04/20 03:32:51 PM
#101407   Same here . Little birdy told me retirement Pi_Sky2017 04/04/20 03:31:44 PM
#101406   Here's your breakthrough yeast: trader59 04/04/20 02:37:20 PM
#101405   I suggest you read ALL the monitor's reports. rbtree 04/04/20 02:35:20 PM
#101404   Iron Eagle 2020 Jimmlu59 04/04/20 01:43:19 PM
#101403   In case people forget BioAmber was all about iamadog 04/04/20 01:07:46 PM
#101402   Pssst, ALL of the BIOAq shares are still Pnypnchr 04/04/20 01:05:53 PM
#101401   It”s our yeast 1manband 04/04/20 12:42:35 PM
#101400   It”s our yeast...and don”t forget it...sorry about your Lucky77Dice 04/04/20 12:05:27 PM
#101399   Iron Eagles documents strongly suggest otherwise in debunking Lucky77Dice 04/04/20 12:00:04 PM
#101398   Pssst. Bioamber doesn't exist. Homebrew 04/04/20 11:09:12 AM
#101397   bioamber has the cure daytrademoney 04/04/20 12:07:38 AM
#101396   The dialogue about BioAmber has absolutely nothing to Longstrongsilver 04/03/20 05:39:16 PM
#101394   The dialogue continues........ surfkast 04/03/20 03:57:52 PM
#101393   I've been following crap stocks like BIOAQ long underdog150 04/03/20 03:17:31 PM
#101392   I didn’t mention anything about shorts nor do Longstrongsilver 04/03/20 02:37:58 PM
#101391   LOL, of course, the shorts are shaking in underdog150 04/03/20 02:04:29 PM
#101390   Yes they know why And are feared! Good THEDOG 17 04/03/20 01:16:03 PM
#101389   Something’s worth can only ever be valued in Longstrongsilver 04/03/20 01:07:18 PM
#101388   Do Govern Yourselves Accordingly hahaha . Dont Brucebannerr 04/03/20 12:16:20 PM
#101387   Cool story! Thanks for sharing. I’ll give this Longstrongsilver 04/03/20 11:31:26 AM
#101386   Nope, they don't "need BioAmber" at all. trader59 04/03/20 11:13:53 AM
#101385   Here comes the boom!! Get yourself ready and Groundskeep 04/03/20 11:13:42 AM
#101384   If a company had $540M in assets and Lifetime 04/03/20 11:11:19 AM
#101383   This mental exercise assumes efficient-market theory and is Koan 04/03/20 10:49:50 AM
#101382   Yes!!!! Good Things Are Coming Very Very Soon!!! THEDOG 17 04/03/20 10:34:00 AM
#101381   Is the CHU class action the same as randomwalk007 04/03/20 09:28:53 AM
#101380   Not based in any reality whatsoever Lifetime 04/03/20 09:02:41 AM
#101379   LOL!!!! $4.16 per share would mean that this company trader59 04/03/20 08:15:20 AM
#101378   Thanks! Appreciate the response. BFTunechi 04/03/20 08:10:36 AM
#101377   Just going by the 1:1 split and BIOAQ/LCYGF Sorhay86 04/03/20 08:07:51 AM
#101375   They wont be released till the judge signs Brucebannerr 04/03/20 07:53:46 AM
#101374   Should read through those court documents, especially the trader59 04/03/20 07:50:44 AM
#101373   The plan asks those claiming a payout to trader59 04/03/20 07:49:17 AM
#101372   If they are released, then what are we BFTunechi 04/03/20 07:47:35 AM
PostSubject