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Chasing after who? There are no BioAmber shareholders as there is no BioAmber. It was liquidated and shut down 5 plus years ago
No he is dead on correct. If you simply read the docs it’s all there. Look at the summary of all bid received and then read the APA it’s all listed.
You can see that LCYB purchased everything they wanted and the worthless shares were not needed or wanted. Why would LCYB spend $100 mil to pay off the debt when it only cost them $4.34 mil for it all !! Even if LCYB offered 100 mil
$4.34 mil USD upon closing
Acquisition of all assets under all BioAmber including : Land all building and parking areas, intangibles, and assets offsite BioAmber Sarina
Lot 1 Complete
Lot 2 Complete
Lot 3 Complete
Note: AR and inventory excluded from the bid
Comprises assets of all BioAmber entities including US entity, No assumption of liabilities or employment contracts
I wouldn’t expect you to understand the reality of your investment in FKA BioAmber is long gone when fantasy land and you are about to be paid $1.4 billion plus $48 mil in interest is much more appealing to you.
Keep those blinders to the truth on whatever floats your boat bud
I have no hate for anyone. I do not like the ones who come here and blatantly lie in every post when they say good things are coming, there is a secret second transaction, KAHC is holding our money,
The liquidation didn’t happen or only the tangible assets sold.
I don’t like the liars and honestly neither should anyone else. Rude to the liars and the ones who are rude calling us bashers yes 100% but other than that I don’t dislike anyone I feel bad for the ones who got conned
There again. There is nothing ongoing at all. Obviously nobody had any issues with Dugar. You can also forget about posters on this board as none of us has anything to gain or lose from a company that ended 5 plus years ago. I mean we are talking 2 separate judges as well as the creditors and their lawyers who had quite a large sum of money on the line.
To the actual folks involved PWC, the courts, SEC, FINRA, and the old BOD (your powers that be) this ended years ago. If you haven’t read the monitors reports, court docs and SEC filings you definitely should.
Do you find it odd that it’s only the old shareholders of FKA BioAmber who think there is more going on here?
First off I apologize for calling you clueless. There is a disconnect between what actually happens in a liquidation and what the DD fabricators tell you what happens.
I highly doubt anyone is looking into this. Yes I’m sure they are saying they are but I doubt they are. Anyone who publicly states there are still open short positions in a 5 year past liquidated company is either lying or literally clueless and hasn’t spoken to anyone lol.
Don’t believe me if I were you I
would go speak to an actual professional to get answers you’re comfortable with. If you do and give him all of the actual info (court docs, monitors reports, sec filings and the like) I GUARANTEE you they will tell you the exact same thing as us so called bashers are saying and they will tell you the good things coming crew are just a bunch of liars who don’t have a clue how any of this works.
For someone to say LCY is holding BioAmbers CUSIP for later use, that an open short exists, that the active status with 3 years of overdue filings is a good sign, to add up FTDs (lol still love that), that a SPAC that closed over a year ago from a completely unrelated company is going to pay $1.4 billion plus 48 mil interest to shareholders of a company liquidated 5 years ago for $4.34 mil, or that there could ever be a super secret second transaction in a PUBCO a liquidation that will pay shareholders multiple times its total debt load have no clue at all. That’s just a short list of the lies they tell. See how the story changes for them. Now look the so called bashers story never changes because the truth is always the same.
In a liquidation or liquidation scenario (all the same) all assets are offered up for sale to try and clear the debts. So in this case where FKA BioAmber had $100 mil or so of debts and Zero buyers to take it on as a going concern this was offered to be liquidated. Once that happens almost 100% of the time shareholders will get nothing as they are last in line.
So you have BioAmber a company that never even came close to making a profit, was burning cash daily, amassed a couple hundred mil in NOLS (which are useless by the way) and wasn’t able to borrow more to keep going. So they tried the first SISP and that failed the second is where the liquidation came in. So Eno and the BOD resigned and let go of all the employees. You can see all of the bids none were for higher than LCYB. You or I could have bought the assets with a bid of $5 mil if LCYB didn’t want to go higher.
So all of the assets, the patents, IP, Tech that was owned by FKA BioAmber automatically gets put up for sale in a liquidation. So LCYB purchased all of the assets the tangible (plant, land, etc. any and all items of value they wanted in all 3 lots) the intangible (the patents, tech, IP, trade names, trademarks etc.). Since LCYB didn’t force the contracts whatever tech was being used under those contracts owned by a third party went back to that third party.
Believe me don’t believe me it really makes no difference as this ended going on 5 years ago. If you go speak to someone outside of the DD Fabrication team I GUARANTEE you will be told what I said and us bashers say is the truth.
Not beating a dead horse at all. Correcting the lies that folks keep telling for 5 years.
My answer and responses will never change as I have the truth to back me up. The ones posting more is coming will always have to change their stories because all they have are made up lies.
Like the KAHC lie that is up now LOL!! The SPAC closed and was redeemed last year but why let that stop people from saying it could be paying out 1.4 billion lol!!
There is no possibility of an open short position but hey why let that stop folks from saying there could be. They will just make up lies that there is.
The good things coming peeps tell lies day in and day out of a possibility of more coming.
Why is it ok for them to lie to you each day but not ok for me to call BS on their lies. Why don’t you ask them what their motives are for lying everyday ?
There never has been and never will never be anything that isn’t publicly disclosed in a publicly traded company or its bankruptcy/liquidation.
None of what you posted has any basis in reality. You didn’t get a vote because one wasn’t required.
My god how could someone be so blatantly clueless
Wow so many fell for the same scam? If that’s true that is a ton of wasted money you all will never get back. 8 shares, 88, 888, 8888, or 88,000,000 it all has the same value when you multiply it by $0.00 the end value is still $0.00.
The shares will and can never have a value again. The shares can never receive any type of monetary compensation for them ever. That’s what happens when the company is liquidated for a fraction of its liabilities leaving all of its creditors impaired
Well there isn’t even the slightest chance as that’s the law. FKA BioAmber was an insolvent company that was liquidated for a fraction of its liabilities. Its liabilities were about 100 mil and the total paid during the liquidation was $4.34 mil. None of the creditors were paid and all of them are impaired.
Don’t believe me. Go to a professional and tell him exactly what happened. Not the BS lies from IE but the actual record of what happened and I 100% guarantee he tells you that you lost your investment and there is ZERO chance of recovery
Go to any broker or any attorney who knows corporate law/bankruptcy/liquidation. Tell them that the company you hold shares in had $100 mil in liabilities and was liquidated for $4.34 mil selling off all of its assets and closed its doors 5 years ago. Tell him all of the creditors remain impaired.
Show him the court docs, monitors reports , sec filings and final 8k from FKA BioAmber and tell him that upon its release PWC alerted FINRA to the liquidations outcome who suspended the CUSIP and deleted the ticker. Tell him this was approved in the US and Canada back in 2018 and the monitor was released in 2019.
I guarantee you that not one will say you have anything coming and all of them will say your investment is gone.
Another one of your nonsense posts lol. Since the spac closed and all shares were redeemed last year I guess you didn’t read any of the spac filings.
Show just one instance where the monitor or court stated to the court that the shares of FKA BioAmber were sold in the liquidation.
“Stocks that stop trading with no warning doesn’t leave any means to change the condition of your position be it long or short”
That is 100% false. The second that PWC was discharged and informed FINRA of the liquidations outcome resulting in FINRA suspending the CUSIP and deleting the ticker the stock became officially worthless. All one had to do was provide proof. All the proof needed was and is still available. FKA BioAmbers liquidation for a tiny fraction of its liabilities (roughly 5%) with Zero chance of recovery with the stock being deleted from all exchanges and forever having a value of $0.00 was all the proof needed to close out a short position. Any broker would tell you the same as once the stock is worthless with no chance of ever trading or recovering value that’s it end of story. The liquidation of FKA BioAmber selling off all assets and closing its doors for good leaves no chance of the creditors ever being paid as BioAmber Inc is gone.
For a short position it was a win win. All profit and no need to return shares as the shares are dead, worthless (due to liquidation) and not traded anymore.
Long position is stuck forever as is with a Zero balance that will never change.
Just because BioAmber failed miserably doesn’t mean that LCYB will.
The IP was sold to and vested free and clear to LCYB. If LCYB loses $1,000,000 or makes $100,000,000 with the IP it makes no difference as they own it outright.
Do govern yourselves accordingly
You need to learn how bankruptcy/liquidation works in the real world and stop listening to fantasyland.
Well that says it all right there! How could anyone actually believe more is coming? FKA BioAmber shareholders need to learn how to read instead of blindly following the liars who state more is coming when it’s 100% not possible and hasn’t been since the liquidation was approved back in 2018
This is the final 8k issued by BioAmber Inc (where the worthless shares are) and there has not been a single word since.
It’s quite clear that all the assets sold and none of the contracts were wanted. It’s also clear that there is no value for equity investors (shareholders) lol.
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. The purchaser did not seek the assignment of the Company’s contracts, which meant that certain intellectual property under license from third parties was also not transferred to the purchaser.
This transaction was approved by the Quebec Superior Court of Justice on September 18, 2018, and by the United States Bankruptcy Court for the District of Delaware on October 9, 2018.
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.
Show me what part is fake or FUD lol
Yep like I said a reason for everything so there is definitely a reason for IE and his continued made up nonsense.
LCYB using the address to a plant and property they own is supposed to be some type of clue to a conspiracy 5 plus years old? A conspiracy that is supposed to pay out to FKA BioAmber shareholders millions of dollars when it was all purchased and turned over free and clear 5 plus years ago? Sure that makes complete sense LMFAO!!!
I see it is still hard for a few to let go and admit to oneself they were scammed. Scammed into buying stock in a liquidated dead company.
Yep everything has a reason alright. They use the address because they own it. There is no BioAmber Sarina any longer. My god at least try and come up with a good lie lol. LCYB ownS the property at that address so why wouldn’t they use it.
BioAmber Sarina Inc hasn’t existed at that address for 5 years as The plant and property was purchased by and vested to LCYB free and clear during the FKA BioAmber Inc liquidation by LCYB and approved September 2018.
.
Talk about posting a complete lie! There is no brokerage in the world that would tell you to hold shares of an insolvent liquidated dead company that left its creditors impaired 5 plus years ago. Someone was hitting the white lightning I see LMFAO!!
So basically you said absolutely nothing as DBMM has given nothing to its shareholders but heavy bags to hold.
Can you name any new customers to Digital Clarity and when they signed on?
How much profit was made the last 2 quarters or better yet this past year?
DBMM will never get on the QB board let alone Nasdaq. To think this 20 plus year old money loser will all of a sudden be able to get on Nasdaq LMFAO!! Now that is a whopper of a pump there lol
All of those points mean absolutely nothing. Did any of them bring in revenue or profit? Did any of those bring in new clients? Did any of those prevent any Reverse splitsThat’s a nice fluff list but I have a few questions
1. You left out that DBMM performed 2 reverse splits
2. How much profit has DBMM collected over the past 20 plus years?
3. In 20 plus years why hasn’t DBMM uplisted to QB and Nasdaq?
4. Why didn’t DBMM make any money during the COVID lockdowns? Why is it that online companies experienced explosive growth during that time but DBMM was stuck in the mud as always
5. How many new clients has Digital Clarity picked up over the last 5 years? What are there names and when did they sign on? I don’t need the list that has been up forever or clients from years ago I just want the up to date list and when they came aboard.
This is pretty simple. Its Bankruptcy/liquidation 101
None of the secured creditors was paid off in full.
All monies owed were collected and paid out accordingly with none of the creditors paid off. There is nothing left to collect as if there was the monitor would not have been released.
So you guys can post even though you have no reason to but I can’t? I am having a wonderful relaxing day lounging so I wanted to see the new lies for a good laugh.
We all have the same skin in the game $0.00 the difference is I didn’t lose money and you did :)
LFGooooooo what? What will be happening? When will it happen? The spac closed out last year that blowin is banking on and anyone who can read knows it. I posted the passage right out of the spac. The mandatory redemption date was 12/23/22. All that money was already given back.
Why would anyone ever believe a completely unrelated Spac meant to target acquisition possibilities for KKR would ever have anything to do with a dead debt ridden shell? It also didn’t have anything to do with LCY going public like the clowns on tweeter said. They did also say that LCY was holding the old BioAmber CUSIP for later use which is lie completely false and another one of the dumbest things I ever read as well so I guess it all fits lol
They closed the spac last December LOL!!
So what’s next month now LMFAO!! Just going to keep kicking the can down the road and moving the goal posts I see. Funny the SPAC was not extended and it was paid back to its shareholders last December LOL!!
So what’s the new fantasy
Funny that your last ditch effort is to try and pass off a narrative that this is the only bankrupt board that isn’t closed LMFAO!!!
IHUB never closes boards man must be desperate to try that crap
Moron = anyone saying good things are coming when it is literally impossible
IHUB doesn’t close boards. It’s very simple to prove that’s a lie. There are many bankrupt and out of business boards. Lots of bankrupt companies with folks still dreaming of more coming years upon years later lol
If you truly believe that prove why and also prove how that could possibly happen to an insolvent company that was liquidated 5 plus years ago selling off all of its assets for a fraction of its liabilities.
You know you can’t that’s for dam sure
If you really needed to ask that question just make up the math as there is no helping you. He could say $1 or $1,000,000 per share and it all equals the same for each former shareholder. It equals $0.00. Worthless shares of an insolvent liquidated company that left all of its creditors impaired can never and will never change. The law states that shareholders only receive payment if all of the other classes of creditors are paid in full. Common shareholders are last in line. You only get the scraps that are left IF there is anything left. Here at FKA BioAmber there was less than nothing left.
If FKA BioAmbers debt total was $100,000,000 and LCYB paid $100,000,001 dollars then shareholders would all split $1 as payment for their shares. Not $1 per share $1 total split across all of the shares. So if there are 100,000,000 shares out then it would be .00000001 per share or if you had 1,000,000 you would get 1 penny total.
Now since FKA BioAmber only received 5% roughly of their total debt load namely $4.34 mil for all the assets against upwards of $100,000,000 of debt shareholders get nothing no matter what the good things coming crew say. The
Why so salty? Is it because you realized it’s over? Why so mad at someone who tells you the truth but not the ones who lied and said more is coming
You have no chance of financial gain so why are you still here? Since there is no chance this will ever change why are you still here former shareholder or not?
FKA BioAmber let go of all its employees, had its BOD resign and ceased all business operations back in August of 2018 5 plus years ago. The liquidation of all assets (tangible and intangible) to LCYB for $4.34 mil was approved over 5 years ago. FINRA upon being informed by PWC of the liquidations outcome ended it by suspending the CUSIP and deleting the ticker ending trading forever. So that leaves the shares worthless forever as the creditors are all impaired.
Own worthless shares of FKA BioAmber or not you’re no better or worse then non shareholders as there is no way for financial gain. Nobody has a chance of financial gain here.
So now it’s green bonds and not the other garbage lol.
That has to be one of the dumbest posts I have ever read. Not one single thing you have posted is based in reality. All of them are complete made up lies and total nonsense not based in reality. The only person you have ever roasted is yourself. We will be here in January to see nothing happen as always. There are no green bonds.
Oh the shares are same alright safe and worthless forever. That’s bankruptcy law for ya. When the creditors are impaired with no chance of recovery due to the outcome of the companies liquidation shareholders get nothing. Secret second transactions would constitute bankruptcy fraud. To hang one’s hat on bankruptcy fraud as a means of getting paid show one’s lack of knowledge
DO GOVERN YOUR BANKRUPTCY FRAUD ACCORDINGLY
According to someone on stocktwits not according to MMTLP as shown in the article from FINRA that I posted where it states that MMTLP has said all of its shares are accounted for.
Stop believing the hype and start getting info from FINRA and the SEC
“the issuer has represented that 165,472,241 Next Bridge shares were distributed in connection with the Next Bridge / MMTLP corporate action—the same number of shares anticipated to be distributed to MMTLP shareholders per the prospectus filed with the SEC.7 While, as discussed below in Question No. 13, FINRA does not have the jurisdiction, authority, or data necessary to audit Next Bridge’s or AST’s stock records, the information made available publicly by Meta Materials and Next Bridge—both before and after the Next Bridge / MMTLP corporate action—does not reflect a disparity between the number of MMTLP shares the company understood to be outstanding and the number of Next Bridge shares distributed to MMTLP shareholders on a one-for-one basis, and FINRA has not identified any information indicating otherwise.8 “
So you base your information on what some poster said as DD instead of the actual document from FINRA?
I posted the direct link from FINRA. It’s not my word but the actual FINRA document. FINRA, SEC and MMTLP have all stated in the FINRA doc that they see no significant shorting.
Just like GME when the report came out that there was no short squeeze but in fact people buying that cause the price run. Average retail individual accounts trading GME went from under 10,000 in January 2021 to over 900,000 in that month. The average percentage was 66% at one point and had a high of 91% being all retail trading during the GME runs. There was also 100 plus other stocks that had huge daily runs in that same time period.
So just like here at DBMM the entire NSS position is nothing more than a made up boogeyman as Linda has never stated it nor anyone at DBMM and since Linda likes to blame everyone but herself she would dam sure have used it as an excuse. The NSS position here is total bs to help transfer unwanted shares from the ones stuck to people dumb enough to buy them. Go back a few years and it wasn’t Kramer or some fake NSS position but it was Asher and the grey market drop after the suspension by the SEC. Then it was just the grey market holding them back. Then it was when it goes pink and wait until US trading opens for the short squeeze. Well all that has passed and no big squeeze happened. Sure it popped to what liken .03 and I guarantee people made good money there but now the ones who bought are stuck holding the bag until a new lie can be sold to the new crop of bag holders.
Linda has had over 20 years and not a dam thing has happened. This will never see the QB board let alone Nazdaq lol.
Nope that’s another complete lie LMFAO!!! I would love to see you try and file a lawsuit against any of us. You will end up looking like an even bigger clown then. We have all told you exactly what happened according to the public record. You and the DD Fabricators have been telling lies for over 5 years. You all say more is coming to FKA BioAmber when it’s a big fat LIE and would be bankruptcy fraud.
Man pick up a book or go take trading and bankruptcy/liquidation/corporate structure and finance of a public company. You will find out just how bad you all look for the lies you tell.
DO FILE YOUR LAWSUITS ACCORDINGLY LMFAO!!
The statements you post would constitute bankruptcy fraud and is against the law. FKA BioAmber is a liquidated defunct insolvent asset less dead company with a voided charter. FKA BioAmber left all of its creditors impaired 5 plus years ago when its liquidation was approved and they received about 5% of the liabilities leaving the creditors stuck for $80 mil plus. That means shareholders get nothing and there are no second deals.
KKR by owning LCY and LCY by being partners in LCYB own all of the assets of FKA BioAmber which includes all of the tangible and intangible.
Anything other than that is a lie period. You will not get paid no matter what the clowns post on twitter or what is posted here by the good things coming liars
The Sarina Facilities is owned and operated by LCYB so even if LCYB goes public it still would mean nothing to FKA BIOAMBER shareholders
Wow now there’s a shocker one of the good things coming crew bringing the only rebuttal they have with a post about the poster. Nothing to back up Blowins lies or any evidence of good things coming?
This is the actual passage from the filing.
The shares had a mandatory redemption date of 12/23/22. So no there is no extension as the SPAC closed out a year ago
Item 8.01
Other Events.
As a result of receiving stockholder approval of the foregoing proposals at the Special Meeting, the Company is proceeding with its previously announced intention to accelerate its business combination deadline to December 14, 2022, which date was the last date of trading of the Company’s securities on The New York Stock Exchange. After giving effect to the Company’s redemption of holders of Class A common stock that submitted a redemption election in connection with the Special Meeting, the mandatory redemption date for holders of any remaining outstanding shares of the Company’s Class A common stock, including shares that were included in the units issued in the Company’s initial public offering, will occur on or around December 23, 2022, and such shares of Class A common stock redeemed on the mandatory redemption date will receive a per share redemption price of approximately $10.08 to be paid from the Company’s trust account. Holders of the Company’s Class B shares will not receive any liquidating distribution from the Company’s trust account. The Company will complete its dissolution and liquidation in accordance with the terms of its amended and restated certificate of incorporation, as amended, and Delaware law.