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BioAmber Inc. (BIOAQ)

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Last Post: 5/25/2019 2:57:26 PM - Followers: 375 - Board type: Free - Posts Today: 12




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Since Bankruptcy & Liquidation, Above info is obsolete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 in Progress.

Shares Will Be Canceled once the Bankruptcy Process

is complete, 
and FINRA Has been Notified.

Once shares are canceled, they will no longer exist for trading.

 
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*
 

Friday, May 24, 2019

 

SHARES ARE SAFE



RESTRUCTURING BIOAMBER
 

BioAmber is currently in CCAA proceedings (Companies Creditor's Arrangement Act) with a Stay Of Proceedings until May 24, 2019. Under CCAA, (Canada law, not US) BioAmber is 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. 


 



 






 

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PlusOneCoin Top Posts
#72642   Let’s look at how how this contract thingy TenKay 05/24/19 01:09:21 PM
#72578   Let’s approach this in steps TenKay 05/24/19 11:32:58 AM
#72630   Shares are intact! CSCS 05/24/19 12:49:15 PM
PostSubject
#72537  Sticky Note Ride or Die Playas. $BIOAQ SunshineSmiles 05/24/19 07:33:07 AM
#72501  Sticky Note The common stock will be cancelled. 1manband 05/23/19 10:02:23 PM
#72255  Sticky Note Shareholders will lose 100% of their investment in trader59 05/23/19 12:26:36 PM
#72150  Sticky Note Shareholders will lose 100% of their investment in trader59 05/23/19 10:04:47 AM
#68534  Sticky Note THE PLAN FOR BIOAMBER Koan 04/18/19 10:44:47 AM
#67729  Sticky Note What is so hard about understanding BioAmber's Monitor's Tymoon22 04/10/19 11:09:09 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
#72813   Yet another opinion based post with no proof Tymoon22 05/25/19 02:57:26 PM
#72812   lol the two stocks that got cancelled that Tymoon22 05/25/19 02:55:21 PM
#72808   Looks like it based Top Stock Picks 05/25/19 11:28:15 AM
#72807   Thanks for the post and tweets $BIOAQ m0n 05/25/19 10:44:32 AM
#72806   Not to be too simplistic here but responding Psychodman 05/25/19 04:14:38 AM
#72805   Shares are safe. Oh Yeh!! I remember seeing Psychodman 05/25/19 03:48:17 AM
#72804   Oh yeh I’ve seen that “no times” where Psychodman 05/25/19 03:31:48 AM
#72801   Yeah, wasn't surprised, really. It will be trader59 05/24/19 11:32:00 PM
#72799   I understand perfectly what the CCAA is for, trader59 05/24/19 11:27:57 PM
#72798   If all of this was in fact done Gamechanger36 05/24/19 11:10:15 PM
#72797   So PWC didn't publish the latest court order. lineItemVeto 05/24/19 11:06:09 PM
#72795   So, with all that value, you'd think they'd trader59 05/24/19 11:03:14 PM
#72792   I’m surprised they want nothing to do with Gamechanger36 05/24/19 10:49:19 PM
#72790   The CCAA Judge is the man extending for Crane. SunshineSmiles 05/24/19 10:47:24 PM
#72788   Didn't stop the longs from posting confidential e-mails dalesio_98 05/24/19 10:43:02 PM
#72787   LOL!! LCY couldn't care less what happens to the trader59 05/24/19 10:42:51 PM
#72786   WOW zero understanding of the CCAA AND the CSCS 05/24/19 10:42:01 PM
#72782   Not based on speculation at all. It trader59 05/24/19 10:36:28 PM
#72781   $BIOAQ SunshineSmiles 05/24/19 10:36:15 PM
#72779   Why would LCY, the acquirer drjackh 05/24/19 10:35:54 PM
#72777   Still no pics of those emails? HymanMinsky 05/24/19 10:31:54 PM
#72776   lol no, that’s your opinion - and it’s HymanMinsky 05/24/19 10:30:53 PM
#72774   Oh right good thing that is simply not Gamechanger36 05/24/19 10:27:14 PM
#72771   Good DD that has eye candy attached. $BIOAQ SunshineSmiles 05/24/19 10:22:21 PM
#72770   There was big talk from 2 shareholders saying I-Glow 05/24/19 10:18:45 PM
#72769   Couldn't care less, really. The shares will trader59 05/24/19 10:18:06 PM
#72768   wrong. LOL SunshineSmiles 05/24/19 10:16:52 PM
#72767   https://pitchbook.com/profiles/company/52155-55 $BIOAQ Generating revenue #15 Hole shot King 05/24/19 10:16:08 PM
#72766   LOL There are no assets in this company. trader59 05/24/19 10:15:00 PM
#72765   Please direct me to an email relating to BioAmber... Tymoon22 05/24/19 10:14:52 PM
#72764   That is referring to two things: TenKay 05/24/19 10:14:50 PM
#72763   Sorry, I have posted dozens of screenshots of I-Glow 05/24/19 10:14:27 PM
#72762   Oh so now the email that he wants Gamechanger36 05/24/19 10:13:57 PM
#72761   Nice try you stopped too soon...and the bee $ugar Glider 05/24/19 10:13:53 PM
#72759   Plus PWC states best interest of stakeholders yet SunshineSmiles 05/24/19 10:12:37 PM
#72757   Those doing real DD post screenshots that provide I-Glow 05/24/19 10:12:08 PM
#72755   It is a ploy. trader59 05/24/19 10:09:28 PM
#72754   There is more to a company than assets SunshineSmiles 05/24/19 10:08:50 PM
#72753   There is no such restriction in the TOS. TenKay 05/24/19 10:08:26 PM
#72752   You do understand that the Judge ordered the I-Glow 05/24/19 10:07:48 PM
#72751   Emails are private and should not be posted Tymoon22 05/24/19 10:05:12 PM
#72748   Then post a screenshot of the email you I-Glow 05/24/19 10:02:35 PM
#72747   SMH! I read and understood the Monitor's Reports I-Glow 05/24/19 10:01:17 PM
#72746   Before the opening bell I was thinking man SunshineSmiles 05/24/19 09:57:28 PM
#72745   Nonsense. rbtree 05/24/19 09:52:06 PM
#72744   LOL - putting words in my mouth? trader59 05/24/19 09:38:04 PM
#72743   I have and I got the same response buckeyefan1971 05/24/19 09:31:56 PM
#72741   I would suggest contacting Mica Arlette himself and Psychodman 05/24/19 09:17:52 PM
#72740   Be nice to learn actually how things worked Psychodman 05/24/19 09:15:21 PM
#72739   You do understand that FINRA will delist the I-Glow 05/24/19 09:15:20 PM
PostSubject