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BioAmber Inc. (fka BIOAQ)

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Last Post: 12/13/2019 7:12:22 PM - Followers: 425 - Board type: Free - Posts Today: 70




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Since Bankruptcy & Liquidation, Above info is obsolete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, December 13, 2019

 

SHAREHOLDERS WILL REMAIN INTACT




BIOAMBER IS NOT IN ANY BANKRUPTCY PROCEEDING

CHAPTER 15 CASE CLOSED
 

BioAmber will have completed the CCAA proceedings (Companies Creditor's Arrangement Act), pending 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 overseeing the case is PwC (PriceWaterhouseCoopers) with extended powers from the Canadian court, and is currently in the process of sales transactions with Visolis and LCY Chemical Corp, which together formed the joint venture LCY Biosciences "LCYB", the designated purchaser that will buy, own, and continue to operate the Sarnia plant. These transactions are to include both the assets and shares of BioAmber Inc., in a 2-step transaction, which in part takes advantage of the 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 is the current defacto source for information and 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
#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
#91679  Sticky Note BIOAQ CUSIP suspended. FINRA deleted symbol Link: Homebrew 11/21/19 05:13:21 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
#94559   You seem like a really sharp guy... iron-eagle 12/13/19 07:12:22 PM
#94558   Spuds awesome! Thanks! Longstrongsilver 12/13/19 06:48:08 PM
#94557   Not sure what liquidating into the parent company Brucebannerr 12/13/19 06:45:08 PM
#94556   Some are going to get paid and some THEDOG 17 12/13/19 06:42:59 PM
#94555   LOL!!! Read the rest of them...especially that last one. trader59 12/13/19 06:21:49 PM
#94554   So when do you think we will be Pi_Sky2017 12/13/19 05:53:53 PM
#94553   Where is liquidation mentioned in the 3rd amended iron-eagle 12/13/19 05:41:52 PM
#94552   Who "owned" BioAmber, Inc.? Its shareholders. trader59 12/13/19 05:05:54 PM
#94551   EXCEPTIONAL you say?!!! Longstrongsilver 12/13/19 05:04:52 PM
#94550   LMAO AND...who owned BioAmber Inc. Brucebannerr 12/13/19 04:42:38 PM
#94549   So basically Longstrongsilver 12/13/19 04:33:25 PM
#94548   AND...who owned BioAmber Inc. Figured it out $ugar Glider 12/13/19 04:28:33 PM
#94547   If one were to read and comprehend the Brucebannerr 12/13/19 04:16:26 PM
#94546   From the Dip Financing. 1st monitors report. iron-eagle 12/13/19 03:58:25 PM
#94544   Look elsewhere to recoup your losrs as it surfkast 12/13/19 03:48:36 PM
#94543   No one ever said BIOAQ would trade again. Longstrongsilver 12/13/19 03:44:11 PM
#94542   Yes just like knowing Good Things Are Coming THEDOG 17 12/13/19 03:40:22 PM
#94541   Thinking and knowing are two different things. Just like Groundskeep 12/13/19 03:38:30 PM
#94540   No capitalizations ever changed since 2011...you just need $ugar Glider 12/13/19 03:37:09 PM
#94539   LOL! So, now we think they've changed the capitalization trader59 12/13/19 03:30:41 PM
#94538   Grand BINGO $ugar Glider 12/13/19 03:28:43 PM
#94537   That’s too funny! Because according to E*trade iron-eagle 12/13/19 03:27:43 PM
#94536   The CUSIP was suspended and the ticker deleted trader59 12/13/19 03:26:16 PM
#94535   Some are about to receive !!and some are THEDOG 17 12/13/19 03:24:56 PM
#94534   Bullshit! Groundskeep 12/13/19 03:24:45 PM
#94533   You are well aware it can't be traded... $ugar Glider 12/13/19 03:24:23 PM
#94532   There is no Belgium incorporated company, parent or otherwise. 1manband 12/13/19 03:23:13 PM
#94531   Perfect just making sure we are clear. 3 Longstrongsilver 12/13/19 03:17:22 PM
#94530   What market can you trade the BioAmber stock? For I-Glow 12/13/19 03:17:11 PM
#94528   Good lowered. trader59 12/13/19 03:15:32 PM
#94527   Arrrghhh...Touche' $ugar Glider 12/13/19 03:12:59 PM
#94526   Yes one really should do that. Read over Longstrongsilver 12/13/19 03:09:59 PM
#94525   So just so we are clear, you’re saying Longstrongsilver 12/13/19 03:03:43 PM
#94523   Kind of like the three little pigs story! $ugar Glider 12/13/19 03:02:13 PM
#94522   LOL!! Somebody should tell the two courts, because both trader59 12/13/19 03:00:44 PM
#94519   Did this escape the Judges and PWC? lineItemVeto 12/13/19 02:54:01 PM
#94518   LMAO it is patently false... BioAmber Inc is $ugar Glider 12/13/19 02:51:43 PM
#94517   LOL!! No, it wasn't. You can go to trader59 12/13/19 02:47:02 PM
#94516   Patently False $ugar Glider 12/13/19 02:35:30 PM
#94515   Ha Ha. Good Things Are Coming Very Very Soon!!! THEDOG 17 12/13/19 02:35:06 PM
#94514   BioAmber, Inc., the parent, was included in the trader59 12/13/19 02:27:35 PM
#94513   bioAmber was simply liquidated into its parent company iron-eagle 12/13/19 02:21:10 PM
#94511   yes Hole shot King 12/13/19 01:53:34 PM
#94510   I thinks its B for Belgium as with $ugar Glider 12/13/19 01:48:24 PM
#94509   yep Hole shot King 12/13/19 01:45:07 PM
#94508   To be honest I’m not sure. My understanding Longstrongsilver 12/13/19 01:38:21 PM
#94507   Mine the same as it was as well Jimmlu59 12/13/19 01:31:44 PM
#94506   B for Bond ? Hole shot King 12/13/19 01:28:35 PM
#94505   Except it’s not so you first. Mine has Longstrongsilver 12/13/19 01:23:02 PM
#94502   my etrade does too.. maybe the ally thing doughnuthole 12/13/19 12:56:34 PM
PostSubject