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BioAmber Inc. (BIOAQ)

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Last Post: 10/21/2019 6:01:29 PM - Followers: 386 - Board type: Free - Posts Today: 116



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]





Since Bankruptcy & Liquidation, Above info is obsolete



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.


under Chapter 15 of the US Bankruptcy Code.

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"


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:

Good point-by-point explanations:



Monday, October 21, 2019




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.



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.


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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#85686  Sticky Note AWESOME DD!! CSCS 10/09/19 09:12:29 AM
#82421  Sticky Note Let me spell this out again. trader59 08/15/19 02:18:06 PM
#79577  Sticky Note I suggest you read the SEC/FINRA warning about I-Glow 07/14/19 11:41:27 AM
#72501  Sticky Note The common stock will be cancelled. 1manband 05/23/19 10:02:23 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
#86598   Point of the day !! Good Things Coming THEDOG 17 10/21/19 06:01:29 PM
#86597   Stating Nols are worthless implies you haven't been $ugar Glider 10/21/19 05:57:37 PM
#86596   This seems to be your 1st complex restructing...in $ugar Glider 10/21/19 05:56:20 PM
#86595   When the debt ridden shell signed those contracts Brucebannerr 10/21/19 05:43:51 PM
#86594   It seems this is your first Q stock I-Glow 10/21/19 05:36:47 PM
#86592   Oh and son too wow! Too risky for hippityhop 10/21/19 04:53:48 PM
#86591   LOL RIGHT BACK! Who said the judge is Longstrongsilver 10/21/19 04:52:28 PM
#86590   Wow buddy you are all in aren't you! hippityhop 10/21/19 04:50:20 PM
#86589   LOL!! And why, pray tell, would the judge even trader59 10/21/19 04:43:16 PM
#86588   Any number of parties involved in supply contracts Longstrongsilver 10/21/19 04:31:41 PM
#86586   So what? trader59 10/21/19 04:15:40 PM
#86584   Except of course the comments about the Longstrongsilver 10/21/19 04:08:05 PM
#86583   not sure what pushing the cancel fantasy has HymanMinsky 10/21/19 04:03:28 PM
#86582   I believe its called an online research forum Brucebannerr 10/21/19 03:52:46 PM
#86578   5 cents Jimmlu59 10/21/19 03:35:29 PM
#86574   So is next or December?? What’s your JohnR767 10/21/19 03:15:07 PM
#86573   have been hearing that for about 14 months now HymanMinsky 10/21/19 03:09:50 PM
#86571   Well there was no assets that haven’t valued bjshrestha 10/21/19 02:56:38 PM
#86570   Well, there'd have to be a buyer that trader59 10/21/19 02:50:57 PM
#86569   At least better than getting 4.3 mil for bjshrestha 10/21/19 02:49:59 PM
#86568   LOL Do tell... trader59 10/21/19 02:12:34 PM
#86567   That’s not how they work, corporate tax rate bjshrestha 10/21/19 02:07:49 PM
#86566   Net operating losses are applied to reduce a trader59 10/21/19 02:05:09 PM
#86565   What has the tax rate to do with NOL? bjshrestha 10/21/19 02:00:30 PM
#86564   Thanks fo that info. So whats your estimation Pi_Sky2017 10/21/19 01:57:24 PM
#86563   The plant was absolutely sold in the liquidation. trader59 10/21/19 01:56:15 PM
#86562   I'm pretty sure all currency was converted to kevroc 10/21/19 01:52:32 PM
#86561   Well, there is theory that Rick Eno is kevroc 10/21/19 01:49:36 PM
#86560   What about the plant??? I guess that sold Jimmlu59 10/21/19 01:45:53 PM
#86559   BTW it was $5.55 CAD not US. JohnR767 10/21/19 01:42:54 PM
#86558   Thanks for the post. I will be happy Pi_Sky2017 10/21/19 01:36:24 PM
#86557   IF there is a tender offer... it will trader59 10/21/19 01:36:13 PM
#86556   kevroc, excellent post, agree with you whitegold3 10/21/19 01:31:29 PM
#86555   To be clear... kevroc 10/21/19 01:19:38 PM
#86554   Not bashing but asking . I hold good Pi_Sky2017 10/21/19 01:12:48 PM
#86552   So in other words folks who are buying Pi_Sky2017 10/21/19 12:58:21 PM
#86551   I have a suspicion the distributions referenced in kevroc 10/21/19 12:36:39 PM
#86550   Run it out ! Last Lap...Checkered Flag ! Lucky77Dice 10/21/19 12:33:03 PM
#86549   Also that would be in the English language, Groundskeep 10/21/19 12:28:53 PM
#86548   recommended would be the us court docs. HymanMinsky 10/21/19 12:24:45 PM
#86547   First read??????? Sorry??????????? $ BIOAq... don't think so. Pnypnchr 10/21/19 12:23:55 PM
#86546   Perfect. Sludge It Is CCjetset 10/21/19 12:20:05 PM
#86545   Sorry to circle back to last week's board, LionsBlaze 10/21/19 12:18:00 PM
#86544   I accept corn sludge shares...LOL $ugar Glider 10/21/19 12:17:26 PM
#86543   Nice try...no cigar! $ugar Glider 10/21/19 12:16:06 PM
#86542   Sorry for what????????? JohnR767 10/21/19 12:09:35 PM
#86541   Suggest giving the 6th monitor's report a first trader59 10/21/19 12:03:49 PM
#86540   other than the plant and patents they STILL HymanMinsky 10/21/19 11:59:54 AM
#86538   LOL!!! 80% control of what???? trader59 10/21/19 11:57:10 AM
#86536   thanks for your opinion. meanwhile, its pretty HymanMinsky 10/21/19 11:46:22 AM