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Mitsui continues to expand Bioamber's technology
https://www.nonwovens-industry.com/contents/view_breaking-news/2024-05-08/mitsui-chemicals-asahi-life-materials-develops-compostable-plastic/
(Mitsui is also holding over 28 million Bioamber Inc common shares)
After five years and absolutely nothing - those hanging around look desperate and certainly don't have any credibility if you believe there is going to be a big payout. There isn't any avenue for anyone to be paid anything other than what has already been paid including the secured creditors.
IG
Without a CUSIP number it is impossible to buy or sell the delisted stock.
The Judge first ordered Bioamber to be sold as a going concern but no one was interested in taking on the debt.
The Judge ordered a liquidation of assets.
Why did Bioamber file for bankruptcy if it was so valuable?
Why didn't Bioamber license their IP if it was so valuable?
Also if the company assets and IP were so valuable that everyone wanted it - why couldn't they workout a for Mezzanine financing etc?
The answer is that when Bioamber filed for bankruptcy it had very little value.
IG
Good morning Bioamber shareholders!!
The resident clown Non shareholders posting a lot per usual on a Monday and all weekend!
Makes me feel good that our shares are so important that they post like it’s a full time job. These shares aren’t even trading right now so why so much effort to post everyday for 6 years 7 days a week?
$$$$$$$$$
Majority holding strong!!
Unfortunately, that was all sold in the process too. 🤷
Opinion about a process that hasn’t happened yet is not.
Opinion about a process that ended in 2018 when the liquidation was approved and carried out that is set in stone back by facts is just lying. That is being an Ahole
When you say asshole look who raises their hand.
Is this another garbage post that asserts you can have an “opinion” that no one should bother you about despite it being completely nonsensical with only the existence of an “argument” as the “evidence”?
I hope not. That’s insane.
Defense defense defense.
Opinion is not against the law ASSWHOLES!
This was explained to you by the monitor is a series of reports. It was the most anyone was willing to pay. Had you shown up with 4.5M it would be yours.
It was only worth $4.3M because that was the highest bid in a liquidation that solicited about 80 companies for a bid.
Explain to me why the technology was only worth 4.3 million. Licensing is what it’s all about .
You'll believe anything that gives you comfort over the court records of the proceedings (aka - the facts).
Why haven't the secured creditors, still owed about $35M, or the unsecured creditors, still owed $30-ish million, with all their financial folks and lawyers (especially lawyers) sniffed out this "collusion" and filed against the company, its officers, maybe even the monitor, trying to get their money back from this fraud you're suggesting? Are you thinking the social media detectives figured it out, but those companies owed a lot of money (still) didn't?
Maybe those social media detectives made up the whole thing about a buyout so they could profit off of flipping the stock. Think that might be possible?
Alot of crimes were committed...
I think it’s the whole “6 years of no employees or assets” thing.
There many reasons to question the whys . When you question the whys you realize why some are still here . The ones with shares are the ones that could possibly gain the most what do the ones without shares gain . That’s a major why . Why did Enos statement cause a major amount of volume and who were the ones buying , why wasn’t there a disruption in supply ? when a company goes bankrupt and liquidated why was there no disruption in the supply chain ? Why historically you can find information about all the characters and not come to the simple fact that there was collusion. Yes the facts easily prove why we are here . That’s a fact . Proving a fact with the amount of collusion is difficult. Big money has a lot of ways to circumvent the law . The Technology that BioAmber perfected cost a lot of money and is extremely valuable. The Holy grail to replace petroleum based products using there technology as the footprint. They don’t need a facility built, easy to retrofit . Many of the longs are from stupid . I don’t care about what is posted . I just want to make sure that people understand that holding doesn’t cost anything . Anyone who has shares still and there are plenty of us will be holding . Funny thing , they are all common shares so it’s all or nothing . Time is running out . Eno caused a selloff for a reason . It’s obvious that he set it up for someone to get shares as cheap as possible. Why is that so difficult to comprehend.
This is how you lost 100%.
Saying you will not believe no matter what is presented is idiotic.
Get back shares? Please explain.
Dumbest post ever.
Because you are told does not make it true . Not deviating no matter what is presented just makes the person that much less credible.
Bullshit, very possible and feasible for them to prolong as long as possible to try to get back as many shares as possible. Many dumped immediately. Gullible people do stupid shit . Perfect examples . Believe Biden was elected . Believe the Vaccine was safe and effective or believe that BioAmber was dissolved for 4.3 million dollars .
It is literally not possible that anyone is buying shares of a company whose ticker is deleted.
There was an extension meeting with a proposed contribution to the trust, on Dec. 19, 2023, so anything is possible
And liquidated the year before. It’s not a “try” at all. Just facts.
Someone print out a nice award for le chat tomtom for volunteering his free time and waiting hours before coming to let everyone know.
You’re just completely clueless. Go read the filings. KAHC returned all monies back to its Shareholders long ago. It’s clearly stated in the filings.
?
There is no chance or hope whatsoever that KAHC, who has given back the money to investors, is doing anything with this shell.
Something is cooking with $kahc, 185 day maturity from their extended date, December 23, is in June, 2024, why is Delasio testing on both ihub sites? Testing what to see if we figure this out? It's in their sec fillings
Who’s they and who paid?
Since you can’t answer- what are you doing?
These FUD suck. Pure trash unlike our safe Golden tickets!!!
They owe a refund to whoever paid for them $BIOAQ
Neverember 32nd.
...Pick whatever date you want to resolve this....
Maybe fairies riding unicorns over rainbows will drop bags of gold coins on former shareholders. You can't prove it won't happen, so there's a chance 😂🤣😅
...none of you will ever see one penny for your BIOAQ shares ...
The truth is this was liquidated and is dead.
Pick whatever date you want to resolve this.
It’s not our fault you fell for the dumbest scam in history. Go be mad at the liars who told you more was coming. The day the liquidation was approved it was over. You had plenty of time to try and get out but instead kept on drinking the KoolAid.
You can keep telling lies and making up stupid crap that will never come true all you want but none of you will ever see one penny for your BIOAQ shares or from LCY, KKR or LCYB
I believe that means they are two faced evil liars working for a law firm who they know the truth but are covering it up and calling everyone names for holding Bioamber shares
The people telling you the truth grew up with no warmth? Did I read that right?
Company closed in 2018 when the BOD resigned plus you don’t own LCY and they don’t own FKA Bioamber. LCY said it might relist in 5 years they never mentioned Bioamber lol
But you don’t own LCY it’s a private company lol. You won’t get a single penny from them FACT
BioAmber will never be relisted and when LCY, or LCYB decide to list FKA BioAmber shareholders will not get shares nor will they get one penny lol. I wish they would list Monday just to read all of the excuses as to why FKA BioAmber shareholders get exactly nothing lol
If you think a few dozen posters on a message board means your shares in a liquidated company are golden you are a moron.
Weekend FUD is the best FUD to let us know our shares are GOLDEN $BIOAQ!!
What we don’t have in common is there is no chance of a reversal.
So your “position” will only get marginally dumber every day/month/year that passes obviously with nothing.
Up and at em, employees. No days off, no sleep, no surrender. The no surrender is what we have in common. Commas are still in place.
No dummy it’s a great translation if you factor in both sentences.
Great, now don't you agree, that is a terrible translation? Fucking answer a question for once.
What does it being delisted in 11/19 have to do with anything? LCY even if they go public Monday it won’t change anything for those worthless shares lol
It was liquidated in August of 2018.
It’s not like we won’t get to six years post delisting (which would be more than 7 from liquidation), but not sure the difference between 4.5 and 6 years post delisting. Still dead either way.
And again 11/19=0
11/20=1
11/21=2
11/22=3
11/23=4
4/09/2024=4yrs 5months
11/24=5
You guys are reaching 6+years lollll.
Nice try but but...it was delisted 11/2019
Yes but liquidated almost 6 years ago. There has been no assets or employees for almost 6 years.
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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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