is...gliding thru the $$$
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PwC was a red herring to sell some typewriters, desks, chairs, 1 or 2 Keurigs and accept a down payment of 4.3 million in a simulated "liquidation" to distract from the real deal.
So much smoke, but didn't cloud this issue; NDAs were established in the complex restructuring under CCAA and PwC ; where cover was provided. Not at issue when Chapter 11 was filed in Delaware USA or when dismissed at the behest of BIOA, Delaware Bankruptcy court decided to let CCAA and the crooks at PwC handle issues. It's all been done to confound and disillusion shareholders. Didn't work.
Umpteenth time: No bankruptcy, do you understand a dismissal is not a discharge!
Right you are; LCY offered 4.3 upfront..."UPFRONT".... But G5/BIC was going to have to get a loan for 3.5.
No they don't.
I am that complete Imbecile you are referring to. You said you would not respond to dumb posts, you called mine dumb. Yet you responded. If you don't understand that there is a 10 year waiting period for involuntary and 5 yr wait for voluntary delisting to relist... then please stop posting.
Dell... In the history of the stock market. No Bankruptcy, only a few worthless physical assets. Smoke screen, hail Mary, head fake, whatever you wish to call it. All in an attempt to evade...the buy and kill by BIG OIL.
It worked and even Big Oil is changing, albeit at a snails pace to alternative, renewable energy and manufacturing thru this new technology which leaves little if no carbon foot print. When you say "dumb" or other disparaging remarks. It's a flag to the truth. " The truth hurts!"
Sorry but you are misinforming, the aspects of restructuring are like a time out for nose bleed...do you understand. The restructuring lies behind the veil of the NDAs. There is nothing you can tell me about either truthfully, because you are only allowed to try and shake shares free. Nothing else and you have an end point, no actual knowledge of the restructuring plan. As for NOT TRANSFERRING certain shared or contracted IP's... They exist under the terms of the agreement or contractual stipulations. They are bought, sold, amended etc all the time. Your basic understanding of business and contractual arrangements is astounding for a lawyer or simply contractual responsibility to mislead shareholders of BioAmber.
Dear Heart,
Montreal, Canada, October 25, 2018. PricewaterhouseCoopers Inc., LIT, in its capacity as the court-appointed Monitor (in such capacity, the “Monitor”) of BioAmber Inc. (OTCPK: BIOAQ), BioAmber Canada Inc., and BioAmber Sarnia Inc. (collectively, the “Company”) in their proceedings under the Companies Creditors’ Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”), provides the following update on the Company’s liquidation process."
"The liquidation of the Company’s assets will result in little to no residual value for non-secured creditors, and no residual value for equity investors of the Company." THIS REFFERS TO ONE TRANSACTION, THE UPFRONT FOR 4.3 MILLION.
"On October 22, 2018, the Company completed the sale of certain of its assets to LCY Biotechnolog (previously 9384-3076 Québec Inc.). These assets comprised... ALL...of the Company’s assets,... SAVE AND EXCEPT... for the cash, accounts receivable and inventory of the Company, and ...ALSO EXCLUDED...certain U.S. based office equipment. The purchaser...DID NOT SEEK... the assignment of the Company’s contracts...(VINMAR, other plants, sources met production quotas required)...which meant that certain intellectual property under license from third parties was also ...NOT TRANSFERED to the purchaser."
BASICALLY THIS SAY'S THAT BioAmber is very much alive, plus the buyer had to meet the requirements of share purchase. They are qualifying the rule for using NOLS, anything we haven't covered? The sale was restructured to take 5 years, and Dell INC delisted and returned profitably in 5 years. Any company delisting voluntarily must by regulation wait 5 years before applying to relist. Mr. Lee knew this, this his prediction. Involuntary delisting requires 10years. It is what it is.
You are full of it... Nowhere will you find that statement. Eno suggested little chance for shareholders profiting, however he failed to mention as relates to upfront transaction.
A from a firm who has lost millions in lawsuits for their dishonesty and deceptive practices. All displayed in the in the events with BioAmber. And who are you kidding, they are not an outstanding or stellar practice.
Oh... But they did, by restructuring it... this no peep from debtors all this time.
This is one of the most untruthful... Substantiated lies you have ever told. Knock it off you are supposed to be up standing individual
"we solemnly promise to adhere to and uphold the moral and ethical standards of our profession.'. By your history you don't Mr Roberts, but never too late to change!
It requires as you say much experience, but the ability to know the players, the objectives, obstacles possible& probably outcomes including benefits and and non beneficial to parties. If you can understand the premise of " both and" I 🙏you.🖖. I know where probability points, I like the odds. I never lie, so I may honor my passed parents and not pass non virtues to my line.
Call me a liar, sophistication for one doesn't have anything to do without M&A mergers. I don't remember anyone mentioning having tea and crumpets during merger negotiations is something we do in the West. Perhaps you meant experience. Being a CEO does not purport to carry a natural trait of ethics and honesty. See where it has gotten many a wheeler and dealer... People with the sort of Ethics Bernie Madoff seemed to hold on high regard. Remember the song back in the day... "Smiling Faces". 🍺
An education, and here I'm assuming...( I should know better) is a terrible thing to waste, parents work hard to save for it, and some of their progeny waste it. You can tell by smart🫏inane remarks, who bought more Bud than books. If you don't know we, we won't waste the effort to tell you.
No, be honest, you will see us everyday until payday... Unless Mystery M&A committee says enough.
Your memory is short, I hope your legal department can help you understand why. Since you are not a "Stakeholder" on this side of the divide, is really any of your business.
No IGlow... You are one the guilty ones here and I'm sorry you got slapped on the back of the head in school. I didn't do it. My last ad hominem on the thread. Good luck, game will end soon, at least where you are needed one way or the other. Find work there's bigger fish to fry.
I really don't care why you are posting here in the negative. You are correct that many posts become ad hominem, of which I have been one. Not out of meanness, but responding in kind, I have never tolerated a bully. The argument here is a strawman argument. I have decided no more attacks from me. Let's stick to logic, what can be proven. Because of the way this has taken place, it defies logic, I have friend/confidant who retired from developing M&A. Not a BIOA shareholder, retired from the service of Mammon. We know why you are here, it is what it is. There is time left, I can't say for course correction or for the acceptance that the piper will be paid. I was never involved in financial forensics, pretrial criminal foresics I have. But let me share with you, should we ultimately accept we have been done wrong for which there is no path thru reconciliation with the offending parties. It will be quite interesting, the paper trail is extensive, casts a broad net. Don't get caught up in it, just as Goliath didn't have a good time with David, Darius with Alex...and this is not the WWE. No outcome is assured, but I like my teammates, like our chances. We will prevail, I'm old but my children will have my million shares. They are very educated and smart. Devil is going home to the holler (actually the beach) until he's needed or gets his due. Blessings, always wisdom before wealth.
If you were correct, you wouldn't be here. You can't explain your existence here. So we explain it for you. What if we are correct though!
Simple... You have a contract to fill, shares to shake until the deal is sealed and I would suggest you have an end date at which you seek other plunder. But I must say you do a good job for your for patron... You have a good command of the science of deflection, obscuration, and half truths to mislead and engender doubt... If you were my patient, I'd offer you Ketamine Therapy and age regression to get to the root issues. Devil Lance
It's the only realistic reason... Which is also why you are here in the money game. You don't seem to be on a holy mission against Mammon
Low...no,no,no Alley Cat... I consider it fraudulent if it were to stand. Ask Warren or the boys at the SEC, FTC or CWT Cadwalder, Wickersham & Taft about it; Rather than relying on PWC. Clocks ticking, the Devil WILL have his due. Your fiddler lost his bow.
Lance Devil
You may be correct, not screwed over, just kept in the dark, with hopes we would let go of shares, hence the majority. Repeat after me and it might just sink in... didn't happen, won't happen sis. Sorry, no bonus in it for you.
Across the holler, by the creek, I'll be waiting. Devil Lance
.
Do you really have to be spoon fed? You understand NDA, see if somewhere in law school they taught you TBD!
The underlying principle fraud due to greed...I'll let you answer that sweetie. Good night Irene, I'm the oldest mouse in this story. Got nothing but love for you, hope you find a different employment.
Actually as long as 7 and 71/2 cuz. Devil Lance and Kin folk (cripple Creek crew ) at your service.
Word!
Guess you are part of the bashing band.
You are right on, I can see they have done a whack job already. Follow the chicken littles, and shorters they are like hounds that can sniff out the truffles. There's two or more of the big boys here. And I just serendipiously dropped in. Expect many of my post to be deleted by a monitor as the fix is in the hen house. Devil Lance & Crew.
Hey Hey...looky who I found here. I guess I'll have to look into this one, get me a glass o shine sit back and listen to you FUDing and half truths You and your kin folk Mr Homebrew... Here to shake the branches and get some cheap shares or is it a paid gig or maybe both. I think I'll hang around a long time, till.
things go north. Get me some ENZC as the sunrises tomorrow. What serendipity. As an Esq you know darn well about codes.
McCoy and Pirate aren't much
of a challenge. I'll hang out here. Go ENZC
Devil Lance & Crew
You haven't learned squat, you'll ever succeed at this game, learn when to take profits. Stop being lead by emotions. Think your a basher, trying to weasel into someone who weak, confidences. Wrong board strong crew, none weak here, hard and seasoned. Hang around and watch the final volley. Devil Lance and crew.
Sadly a weakness of the 1st amendment. I could respect you if you just gave a fair and balanced post of the facts. Bashers have avoided consequences, but not always there have been successful and consequential suits as well. Pretty much a wash, however pumpers and dumpers do seem to have a notable edge in escaping consequences. It makes no difference to me I'm on to them like a leach. They can't make all the money without me scooping in from behind... in and out, short and grab the coins rolling down the hill. 👿 Devil Lance
Quite simple looking for tax loss offset...just ask your broker he will take 'all your worthless, undeclared worthless shares off your hands' for a dollar, just to keep you as a client. Guess what I know a few who will not because they have a conscious. I have had two who have said in good conscious they could not do and laughly told me to be patient. Knowing me they knew I was kidding. Shame on you for this. If someone where to sell to the broker it would end up in one of the bashers hands to be returned to LCY or KKR....big $$ savings. Please we are not to be toyed with. Devil Lance knows my name, know my crew, it's beneficial for you.
Time is coming, that is a false statement, it is misleading. What you might get away with is the word basher, you as a attorney, know that words have meanings... Though some may be dubious and if it has multiple definitions, it's not worth the argument.
Better than a stroke you got the four dunces to respond to your post. Being in the Sludge shares 5%ers, is better than being in the 95% no share bitter complainer. They do hold that negativity with strong hands and no destination. BioAmber will rise from the background...proclaiming I've been here in the back all the time drinking wine compliments of LCY, Visolis, KKR, Vinmar and of course PWC and Big Daddy Eno. Don't know who all those guys were bringing in cash and checks though. I hope the 4 mulemen ( it would be wrong to call them horsemen), get some of that money for their hard work, dedication and loyalty. But you know honor among thieves, how that goes. AIs digging down deep, getting the correctly worded question, right question and Boom...data analysis flows like blood from CAs and NDAs, a combo starting with data wrangling AIs, useful data given to the data analysis and predictive cousins. Whammo
The curtains down. Quicker if the buyers remain recalcitrant
where communications are concerned. Won't name the in specific AIs (CI) but at this point I can see why businesses are worried. It is further a great data history than shows, BioAmber (BIOA)
Is a clear outlier from M&A standards. Actually stands out like a sore thumb regards to fraudulent and deceptive practice. This is not bringing in the deviation found in the bizarre and unfortunate court occurrences. Shares are safe, and possess value, albiet not known. =>0. Everyone go home and tell you loved ones the sky is not falling. Guess what we ate last night, chicken and waffles. Guest of honor was Chicken Little HB, he was dressed out nice with stuffing. Sadly my great gran-yungen's
will miss him running around the yard squawking "the sky is falling".
🙏👣🌈 Love you all
Devil Lance
©
Answer a question you could be liable, rule #1 for basher answer question with answer, isn't that right, 10k... #2 just baffle em with BS mixed with partial truths. #3 question that obviously can't be refuted 2ndry to CAs, NDAs still in affect. Here's a toast to the pros, they know but don't tell.
Well where you been, contracts were filled by guess who LCY. You understand how and why...that's from this month...you do understand right.
Dam wouldn't that be a coup, Vinmar merges into BioAmber. It seems, KAHC could not pull off the majority, which was required by KKR in closed time frame...extended? for KAHC to get a hold of the 1.3 Billion. So nixed. IMHO