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BioAmber Inc. (fka BIOAQ)

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Last Post: 12/8/2021 8:16:58 PM - Followers: 408 - Board type: Free - Posts Today: 1




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Since 2019 Bankruptcy & Liquidation, Above info is obsolete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"


December 23, 2019

 

SHAREHOLDERS WILL REMAIN INTACT

 

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
 

"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.


 

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________












***IN A TRANSPARENT MOVE

PWC HAS REMOVED ALL

DOCUMENTS REGARDING

THE CCAA PROCEEDINGS

INVOLVING BIOAMBER ON OR

AROUND MAY 13, 2021***



STATUS UPDATE 11.01.21



LITTLE ORPHAN BIO-AMBER

 
 
PostSubject
#121541  Sticky Note That’s funny but wildly inaccurate. Let’s start iron-eagle 12/03/21 11:59:45 PM
#119410  Sticky Note I love when Bioamber shareholders drop me information iron-eagle 08/30/21 09:16:31 PM
#97912  Sticky Note 1 year and 291 days since BioAmber Stock TenKay 01/09/20 12:46:12 PM
#94532  Sticky Note There is no Belgium incorporated company, parent or otherwise. 1manband 12/13/19 03:23:13 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
#121617   Another fraud and conspiracy situation? BIOAQ hopefully rokkdatstock 12/08/21 08:16:58 PM
#121615   Yeah I’m sure the monitor didn’t really need toncatmad 12/07/21 01:14:17 PM
#121614   Not even close. Yes intangible assets are not toncatmad 12/07/21 01:09:02 PM
#121613   I'm glad u said liquidated because we all New money98 12/07/21 01:03:29 PM
#121612   That was again one of the dumbest posts toncatmad 12/07/21 09:09:02 AM
#121611   It is with the Bioamber case, pre planing biowin 12/07/21 08:59:32 AM
#121610  Restored Not everything is a Deep State conspiracy. Good grief Lifetime 12/07/21 06:36:33 AM
#121609   Its quite curious tho. doughnuthole 12/06/21 11:13:14 PM
#121608   BIOAQ....like a soggy old cardboard box, will magically Homebrew 12/06/21 09:13:33 PM
#121607   You MUST have been chuckling as you wrote Real McCoy 12/06/21 09:04:21 PM
#121606   I would love to see that answered but toncatmad 12/06/21 08:34:08 PM
#121605   What is the series of events that are randomwalk007 12/06/21 07:45:06 PM
#121603   Hahahahahahahahaah. Just hilarious. Real McCoy 12/06/21 06:16:35 PM
#121602   Bioamber Inc in US and Canada, employees to biowin 12/06/21 06:15:20 PM
#121601   Considering the company no longer owns the name TheRealMrPirate 12/06/21 02:56:36 PM
#121600   What classification would you list the shares then? Jimmlu59 12/06/21 02:51:08 PM
#121599   Factually incorrect. The shares "exist" only because of TheRealMrPirate 12/06/21 01:39:22 PM
#121598   Why not? Real McCoy 12/06/21 01:39:16 PM
#121596   I agree! No selling Bioaq! Gold prospector 12/06/21 12:12:39 PM
#121594  Restored Not one single person has asked anyone to toncatmad 12/06/21 09:30:23 AM
#121593  Restored Hahahahaahah, no. You have not heard from Real McCoy 12/06/21 08:12:48 AM
#121591   Shares are ALIVE, like it or not. That is Pnypnchr 12/06/21 08:08:19 AM
#121590   Huh? Bioamber is dead. We are all Real McCoy 12/06/21 08:04:04 AM
#121589   If BioAmber is dead, WHY BE HERE. That's Pnypnchr 12/06/21 07:53:50 AM
#121588   You must accept. That is the only Real McCoy 12/06/21 07:39:51 AM
#121587   Correct. LCYB would only be liable if they toncatmad 12/06/21 06:25:41 AM
#121586   Company was not purchased lock, stock and barrel. dalesio_98 12/06/21 02:06:50 AM
#121585  Restored Privatizations, liquidations, do not include shares. dalesio_98 12/06/21 01:05:48 AM
#121583  Restored I am sure judges are dying off on Lifetime 12/05/21 08:16:38 PM
#121581   Lawyers are known to ask judjes to delay biowin 12/05/21 08:04:27 PM
#121579   The question is why was it randomly reassigned biowin 12/05/21 07:23:03 PM
#121577   So the class action is holding up the toncatmad 12/05/21 06:59:03 PM
#121576   https://www.pacermonitor.com/public/case/20921538/Chu_v_BioAmber_Inc_et_al, we h biowin 12/05/21 06:46:29 PM
#121575   First off BioAmber doesn’t have a website any toncatmad 12/05/21 03:33:14 PM
#121574   There is nothing in there that says anything Real McCoy 12/05/21 02:10:16 PM
#121573   Bioamber.com, Bioamber resources and information, please click on biowin 12/05/21 01:45:50 PM
#121572   Here is the only 8k that matters as toncatmad 12/05/21 11:54:35 AM
#121571   Holding for Vegas! Greenhand3 12/05/21 11:14:51 AM
#121570   Posting the SEC filings you believe and omitting Real McCoy 12/05/21 08:33:08 AM
#121569   Before Bioamber filing chapter11, this is very important biowin 12/05/21 07:58:10 AM
#121568   No this is a research report. Those Real McCoy 12/04/21 08:57:22 PM
#121567   14 hours ago, Bioamber alive for us, https://thejapanherald.com/uncategorized/12 biowin 12/04/21 08:11:10 PM
#121566   No need to convince anyone. The court docs toncatmad 12/04/21 02:35:31 PM
#121565   You really convince me guys.:) AvL 12/04/21 02:26:44 PM
#121564   So when LCY’s lawyer said they are not toncatmad 12/04/21 02:23:55 PM
#121563   Yeah sure LOL. That’s exactly what I thought toncatmad 12/04/21 02:17:08 PM
#121562   They told the judges that no transaction involving trader59 12/04/21 02:13:54 PM
#121561   Already on the bioamber board. No posting required. Thanks! Groundskeep 12/04/21 01:51:19 PM
#121560   Post the document proving BioAmber is anything but toncatmad 12/04/21 01:46:05 PM
#121559   Documents proving that have been posted time and Groundskeep 12/04/21 01:38:57 PM
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