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Its assets are protected from creditors?
It has no assets. They were sold to repay creditors whatever they could get back on their failed investment.
Bioamber Sarnia 52M secured funding from federal and provincial government and it's assets are protected from creditors (Pwc go jump in the lake with your Pirates) wuth your your 4.3M story
https://insolvencyinsider.ca/p/bioamber-sarnia-bioamber-canada-821b
Well if it isn't Sept 03rd, 2024
"BioAmber Inc" - Out of business, liquidated / insolvent-bankrupt, $BIOA-Q ticker deleted, how's that working out for former shareholders?
Delaware #4612067 - aka: Former: $bioa-q / Former " BioAmber Inc. " - 2177 days / 5 years, 11 months, 16 days - since Delaware company #4612067 was stripped of all it's assets including it's business name: "BioAmber". Name now owned by LCY Biotechnology along with all tangible & intangible assets. Zero recovery for equity 'stake' holders / shareholders.
Approved by the Quebec Superior Court of Justice on September 18, 2018 under CCAA / Chapter 15 bankruptcy Liquidation and by the United States Bankruptcy Court for the District of Delaware on October 9, 2018.
(BioAmber Inc / BioAmber Canada Inc / BioAmber Sarnia Inc).
SEC - EX-99.1 2 d645901dex991.htm EX-99.1 - https://www.sec.gov/Archives/edgar/data/0001534287/000119312518309191/d645901dex991.htm
http://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-049_020819.pdf
All transactions, certainly for public companies, have a need for efficiency and confidentiality, whether it’s posted on PWCs website or not. Those are just fundamental traits of good business. Naturally “confidentiality” does not mean “hidden transactions” for years, that would be fraudulent.
You got taken here and just don’t understand.
Please please show us a legit conversation with a legit broker about BioAmber coming back or you receiving shares of a NEWCO any type of monetary payment for your FKA BioAmber shares.
Please I can’t wait to see this lol
LMFAO short shares? Even if someone did short shares they closed them out back in 2019. You see all one had to do is prove the shares are worthless which was/is easy by showing the monitors reports or court docs.
Simply providing the liquidations outcome, the shut down of the company and then FINRA suspension of the CUSIP and deletion of ticker would have done just fine to collect one’s money.
BioAmber won’t come alive in 2025, 2035, 2045, 2055 or any other year.
Lol only some do according to pwc's ccaa cases listed on their website. But, the ccaa expert stated otherwise...he flat out lied. Don't believe me, go check for yourself.
Don’t take my word for it. Take the Company’s, the Monitors, judges, all press, etc. I’m not gonna post the links we know you’ve seen and said we’re not valid for some reason.
All transactions have a need for efficiency and confidentiality. Including this one, now closed many years ago.
Ok Ms. Lady, I'll take your word for it. But once the need for efficiency and confidentiality is revealed don't dissappear. Please don't leave before my exit post...it will be pg and respectful as always.
I do know what’s happening. As do you. Absolutely nothing.
You can see there is a very small handful struggling to get over this. It is wrong that you “hint” that someone has said anything could be happening. The company was liquidated 6 years ago.
If your broker answered your “questions” without laughing he should be disbarred.
It is utterly moronic to suggest anyone thinks something could be happening 6 years after a public liquidation leaving the shell with no assets or employees and with the old NOLs being worth less than still outstanding debt.
Nothing since of course.
There is no way he believes that. No way.
You do not believe that. That is dishonest.
Bahahahahahahah
Great great stuff.
I’m assuming you know there was a de minimis amount of short position remaining when the ticker was deleted because EVERYONE WITH A BRAIN CLOSED OUT THEIR POSITION WHEN IT AS AT ONE CENT FOR A MONTH and that you wrote this as good clean comedy of course.
We could “mark it” but I suspect we both know you will still be here making impossible things up, calling out those telling the truth, and cheerleading those remaining liars in 2026 and beyond. Of course.
I honestly believe that McCoy was involved in shorting BioAmber before BK and has been pumping it to be DEAD for 6 fkn years so that all the fake lawyers can stay rich. No job needed. But BioAmber will come alive in 2025. Mark it.
I’ve read your posts where you both accept the outcome and still want to see where you can get “logical wins” against those who were correct. The math is 100% understand the outcome (no choice), of that 100%, 5-10% show up bitter (including of course yourself) and 90-95% do not.
Asking you your thoughts on proven wrong theories on this very liquidated company are not off topic. Asking about the color of the sun would of course fit the profile of “stupid off topic”.
What a beating you take here!! Run run run!!!!
I'm admittedly not part of any or either group, something you'd understand with basic reading comprehension skills. Go back to my questions in my earlier posts and maybe you'll figure it out. Same reason I refuse to answer your stupid off-topic questions. Your math is still wrong though. Happy labour day! I'll see everyone later this week.
No 100% understand the outcome because no one is dumb enough not to at this point, 5-10% of those who lost out still show up to try to get “wins” against those who were right.
You are admittedly of this group, no?
Is this now completely clear with you on the wrong side yet again?
So to confirm,
100% + 5% to 10% = ??
But you lost the argument though.
You’re posting on the board of a dead stock that you thought for a time could survive liquidation that you’re using “logic” to “fight” for the right to post fantasy.
What’s worse, it’s that very right to post fantasy that caused you and others financial harm here.
There is nothing but nonstop humiliation here for you. You’re out 100%. No “wins” possible.
I don’t think so!
Posts like this only help!
Hey B, I think you need to look at your mathematical calculations on your assumption, you might be off a bit!
You’re getting there. I think 100% have given up and it’s that 5-10% you mention that is just so frustrated they lost out they show up to poke the people who were right.
Seems 409 people follow this board. Is there a way to determine how many are still active- maybe 1/10th (40people)? Which would imply 90% have given up altogether. And with 1/100th accounting for 90% of the posts?
No it for sure does not look like that at all. This link is from 2016, before Bioamber was liquidated and now has no assets or employees.
Just made up GARBAGE.
Looks like Bioamber is building a second plant and that's why we are on hold, KKR bought the Sarnia plant only and has to pay Bioamber's Inc shareholders cash, a newco will also be created to have Bioamber Inc into a merger which was sold as "whole company" and has to include Orgin Materials who have many of their customers, Enerkem, Quebec could connect the merger we are waiting for with all three which includes oil companies, DOE and government of Quebec (KKR could have paid all of Bioamber's debt to take control minus out of the one Billion investment only for Sarnia plant to be part of the merger, lots of Millions left for Bioamber's Inc shares
https://www.prnewswire.com/news-releases/bioamber-achieves-important-milestone-in-us-doe-loan-guarantee-process-594249341.html
All that is mentioned in your garbage bad faith links is the plant was sold and the community has moved on to further the industry without former Bioamber.
"Bringing Bioamber back will take time"
"PROCESS" means PROCESS
https://sarnianewstoday.ca/sarnia/news/2018/11/12/mp-optimistic-billion-dollar-bio-investment
https://www.theobserver.ca/news/local-news/sarnia-area-economic-agency-sees-massive-investment-potential-ahead
( the estimate for loss includes the 360M guarantee loan from DOE which was already approved for Bioamber's 2nd plant getting built)
Bringing Bioamber back will take time (dated November 2028)
https://sarnianewstoday.ca/news/2018/11/09/bringing-bioamber-back-will-take-time
That’s not what it says in your link.
In your link it says LCYB acquired the assets.
You’ve seen that document, from 2018.
KKR doesn’t pay charity money for no reason.
It will get settled when KKR pays $1B for the Bioamber Sarnia plant, (not 4.3M) which will be cash for Bioamber Inc shareholders and Newco shares when Bioamber Inc is placed into a merger, we don't forget that Bioamber Sarnia was build on government green bonds and all funded by the Government of Canada
Thanks.
“BioAmber Inc., despite filing for bankruptcy in 2018, saw its assets acquired by LCY Biosciences, which has revitalized the production of bio-based succinic acid.”
Does that settle it?
I bring it up as a direct refute to the continued commentary that sometimes liquidations are faked.
I’ve asked you to comment on these obviously wrong “theories”, and you are unable.
And yes I won’t comment on the foliage strategy at the plant.
Right?! So who cares what theory or existential wish folks talk about on this fka $bioaq forum board. You are clear - the documents state it is long liquidated. So everything afterwards is just nonsense... So why so "for the nonce?" I think everyone here would agree that the Sarnia plant's concrete jungle space vs green space was atrocious.
It’s dead for everyone not just me, it was liquidated in 2018 with nothing since.
Not worried at all.
Maybe you should get another job than being a watchdog for Bioamber,Inc shareholders, isn't this company dead for you? Then why worry about it and what anyone says including research reports
7 Global Bio-plasticizers Sales and Revenue Region Wise (2018-2024)
Bioamber has data from 2018 when it was still in business.
Hey maybe you should create a report predicting Bioambers revenue for 2025-2030.
0
In your report make sure you do not reference “BIOA” as that would now be assumed to refer to BioArctic.
Yeah they went from posting all the time to realizing after trading stopped and nothing since that that was a good sign and they should just “wait” with no surviving “evidence” of this windfall at all.
Bahahahahaahaha
You do not really believe that… this is nothing more than an Andy Kauffman joke
💯 correct. Most shareholders Don’t even read this board . They keep holding for that pay day which will happen soon
Majority holding strong$$$
Just noting that you are “praising” someone who is wrong again.
This was liquidated in 2018, very publicly. Hasn’t been heard from since at all.
Where’d he go?
Seems pretty clear he knows the scam is up. Why don’t you?
I think you missed something. Might want to go an re-read it again. ♿️
Try reading what has progressed since then, you know, dates as things progressed.
Not to state the obvious, there is no longer an extension, it has ended and the monitor discharged.
There is nothing more - FKA bioaq / bankrupt-insolvent Delaware 4612067.
Thanks for the extension to sell the company as a WHOLE, agreed by secured creditors, ( is explained by the genius Bioamber investor)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146910362
I'm not at all worried about your reading & comprehension skills.♿️
Yes, the winning bid was a qualified bid.
Congratulations, there was no acquisition of the subsidiary and no recapitalization.
You should have inquired the services of a professional to explain it to you years ago.
Equity holders = " ie: YOU " = get zero $0.00.
Oh well 🤷
FKA bioaq / bankrupt Delaware 4612067
Make sure you work here on this holiday weekend with Mcooy to prove to everyone that Bioamber doesn't exist? Shutting our mouth if we dare to say "Bioamber", time you tell us what you are hiding on this, maybe $50/share coming? We better get $ from KKR from aquiring Bioamber Sarnia to do a chemical business with Lcy because it will make them criminals (they were qualified to aquire because of share capitalization) there is always criminals in big money deals under the table, in this case lawyers and trustees
*News Flash* FKA BIOAQ - today is Aug 29th, 2024'🤪
Obsessed with bankruptcy, there is no longer a BioAmber, get it right #Fact
**** Year = 2024' =
Former BioAmber / bankrupt-Insolvent Delaware 4612067 / FKA (formerly known as) - bioaq.
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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
====================================================================================
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.
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