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The facts? The facts were stated in the Official APA which detailed all the assets line by line and page by page
You mean two judges died during the completely unrelated lawsuit that had Zero to do with the liquidation of all the assets and shareholders losing their investment.
It’s also worth it to me to correct the lies as well as watch the liars day after day about good things coming.
Since there is Zero chance of shareholders ever receiving a recovery why come on here and lie to each other that it could happen when it is impossible and that’s a fact
No and they don’t need to be canceled. The liquidations outcome rendered them worthless. The liquidations outcome made it so the shares can never be bought, sold or traded for shares in a NEWCO.
Thats it when a company is insolvent and leaves all of its creditors impaired.
Why would I not include all of the debts owed? Why do you think all of the debts were in the proceedings?
None of it matters at this point anyway since the company was liquidated almost 6 years ago and the liquidation ended going on 5 years ago and that result was leaving all of the creditors impaired the secured and unsecured creditors were all left impaired.
No company will ever come and buy a dead, debt ridden, asset less empty nameless shell that not only has old debts attached. Why would they want to square away all of those liabilities to get nothing but an empty shell in return?
Please explain what value the FKA BioAmber Inc shell has other than the negative value of all the old debt.
In September 2018 when the liquidation was approved Eno had already resigned with the rest of the BOD.
So after the liquidation was approved Eno suggested that or before? I guarantee Eno never suggested shareholders little chance of profiting after the liquidation was approved and if you’re saying he did that is a lie.
I doubt he suggested anything about shareholders profiting other than the usual “there can be no guarantee” that is attached to everything
Final 8k clearly states there is NO VALUE for equity investors
There will never be one. The outcome of the liquidation rendered the shares worthless as FKA BioAmber is out of business, holds zero assets and has no chance of ever repaying the $100mil of debt still owed.
That is why FINRA when notified of the liquidations outcome by PWC suspended the CUSIP and deleted the ticker.
There can never be a monetary recovery of any kind or shares in a NEWCO until that $100 mil is settled and it never will be. No company will ever pay $100 mil for a dead shell
An attorney’s fiduciary duty is to point out the facts as laid out in the court filings. Those facts show that FKA BioAmber shareholders lost their investment back in 2018 with Zero hope of recovery.
It’s not the attorneys fault that folks invested in a Q stock and then held after the liquidation of all assets was approved by two federal judges and then carried out.
Sure we will go with that lol!! How about you post something to prove me wrong? Or better yet post one liquidated PUBCO that came back years later to have its shareholders receive payment for their worthless stock even though all of its creditors are impaired with $100 mil of debt
I was outside when I posted that. Talking to myself is ok as what I post is correct instead of the lies of more to come here
Not one time in history has a PUBCO been liquidated selling off all assets, leaving all
Of its creditors impaired with $100 mil of debt had its shareholders make a recovery
and it will never happen either.
I do challenge you to find one though and report back to the board with it. Not your opinion on it just the actual outcome will do please
First and foremost you don’t get the chance to think outside the box in the face of a bankruptcy/liquidation that happened was approved 6 years ago. Your opinion is only relevant before the event has taken place not after the outcome has passed. That’s like saying the Eagles won the superbowl last year even though the Chiefs won by 3 points because you think outside the box or because how seamless the concession stand food supply chain operated at the stadium.
What does it matter if it was seamless or
Not? It is stated right in the docs that some FKA BioAmber employees were retained to help with plant operations and why not ? The workers knew the end was near and need money like everyone else does.
BioAmber has been shut down since August 2018 when the employees were terminated and BOD all resigned
You can’t have a company and operations
when you don’t have any assets, employees, BOD and no operations of any kind.
Nope it’s not if one was to read my history as it’s all there I don’t delete anything.
I also don’t chit on things that don’t deserve it. If there was a .0000001 percent chance that FKA BioAmber could come back I could only state my opinion but since it is set in stone that FKA BioAmber have no chance then I will continue to correct the lies stated here that good things could be coming
I have said it multiple times I can’t wait until LCY Or LCYB go public. Then when nothing changes and FKA BioAmber shareholders get nothing I bet everyone wises up.
No not yet but soon enough all will see that IE, Sorhay you and the rest of the Hair Bear Bunch will be exposed for as
Clueless liars because of how bad and so far from reality your opinions and conspiracy theories are.
None of you are have a clue
Sure it was an option if a company bought BioAmber as a whole taking on all the debt as well. The AOC would need to be amended to do that as stated. At the end of August 2018 the employees were let go and the BOD resigned leaving nobody at the helm without filing a plan for the shares.
Since only the assets were purchased by LCYB and the total monies received was less than 5% of the debt owed which left all of the creditors impaired there was no need to cancel the shares. The result of the liquidation made them worthless and FINRA put the final nail in the coffin when they suspended the CUSIP and deleted the ticker.
It’s nobodies fault but your own thing you don’t understand vacancy, and liquidation of a PUBCO.
The FKA BioAmber shares will never have a value and shareholders can never receive any type of monetary payment for them
There was never a voluntary delisting.
PWC informed FINRA of the liquidations outcome which was insolvent BioAmber being liquidated for $4.34 mil and leaving all of its creditors impaired to upwards of $100 mil of unpaid debt.
With no way of ever repaying the debt as BioAmber was no longer in business for over a year and would never be coming back FINRA ended it for good
Show one insolvent PUBCO liquidated of all assets for pennys leaving all of its creditors impaired coming back years later.
All of those words to say they are renting a virtual office in California lol. There is nothing of value at all.
“Digital Clarity is the operating flagship “
Now that was funny lol
Yes please post another Insolvent PUBCO that let go of its employees, had its BOD resigned and close its doors 6 years ago in September 2018, liquidated All of its assets for a fraction of its debt load. Then have its CUSIP suspend and its ticker symbol deleted due to the liquidations outcome that left all of its creditors impaired for about $100 mil. List just one that came back 6 years later from being liquidated in September 2018 to have its former shareholders see a recovery lol. It has never happened and it will never happen. Its Bankruptcy/Liquidation 101.
The creditors are impaired and shareholders being last in line will never receive any type of monetary recovery.
I can’t speak for anyone else but I don’t bash stocks. I do however point out the legitimate facts to correct the lies?
So because LCY said they wanted to return to the capital markets you think that will get you paid? Why would LCY or anyone pay you when LCY got the assets Why on gods green earth would you get paid? LCY not only is a private company but their only involvement at all was buying all of the assets. KKR doesn’t owe anyone anything either.
So LCY didn’t say they would take FKA BioAmber public lol they said they would return to the capital markets and they LCY are not you or FKA BioAmber
See all that info in the proposed transaction? The difference is none of it is in the FKA BioAmber transaction as nobody wanted the shares ever.
Nobody in their right mind would have wanted to take on and have to pay the $100 plus million in debt when they very easily got all of the assets, tech, patents, trademarks trade names and everything of value for $4.34 mil.
Hey you finally read the last 8k!! Those contracts are long since dead bud. Back in 2018 FKA BioAmber was liquidated of all of its assets, let all of the employees go and then the BOD resigned and it was shut down there was no one left to fulfill said contracts and no assets to do it with.
Come on bro at least put in a bit of effort instead of copy and pasting crap from a document that proves you wrong lol
That was 6 years prior to FKA BioAmber being liquidated and closing its doors forever. Come on man wake up
No FKA BioAmber doesn’t own any intellectual property as all their tech and patents were sold to LCYB back in 2018 lol!
Wrong again!!
NatureWorks LLC is owned by PTT Global Chemical and Cargill.
FKA BioAmber and its former shareholders have nothing to do with it but don’t let the facts stop you from lying about it lol.
Yeah that’s great for LCYB too bad you don’t own shares in that private company lol.
You own worthless shares of a insolvent debt ridden liquidated shell that doesn’t even own the name BioAmber any longer
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
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.
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
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
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
You might want to read the next line that defines certain aspects of All of the companies assets
On October 22, 2018, the Company completed the sale of certain of its assets to LCY Biotechnology Inc. (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.
What are you a shareholder of? BioAmber no longer exists as it was shut down in 2018 when all of its employees were let go and its BOD resigned.
You know it’s not an accomplishment to be holding your shares. You can’t sell or trade them and honestly why bother taking a tax loss.
I would keep them as a reminder to be more diligent with your research. That way you can minimize your losses in the future as I am 100% certain you will never receive any form of payment for your worthless shares
That’s comical it is 100% impossible for us to fail on the other hand you all have 100% lost your investment here.
Please keep those worthless shares forever as nobody wanted them and there is no use for them other than to remind yourself how you need to learn quite a bit before investing again lol
Oh yes the shares exist in your account but they will never have any value again. They are attached to about $100 mil of bad debt with ZERO assets to speak of.
So yes they “exist” but have Zero chance of ever being sold, traded or have any type of value again.
So is that a good thing ? You can never get any type of monetary payment for them
Did you actually read it? See there is nothing at all in the FKA BioAmber files about anyone wanting or buying the shares lol!!
The outcome made them worthless junior. Show me where it states the shares will be bought out with back royalties.
Show me where it states you will get new shares from a newco.
It does say that the shares did not sell. It does say that there was no value for equity holders and it also states that all assets sold to LCYB including the plant, land, IP, patents, trade name and all other assets of value save and except for the cash, AR, inventory and some office furniture in the us. LCYB also didn’t want the contracts assigned.
No employees, no assets, no way to make any product. That is all stated quite clearly but I guess you skipped over that as it doesn’t fit your nonsense
Wow you posted something that isn’t even close to what happened to FKA BioAmber. Not only were the shares of FKA BioAmber never wanted at all but the monitor went out of their way to tell everyone that no transactions were going to happen and that equity holders were going to get nothing. When shares are attached to an insolvent company that sold off all of its assets and still has 100 mil of debt that has all of its creditors impaired it’s over. Seriously just search google or read a book if you can because that was just comical