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That an updated monitor report is coming if I had to guess
They are trying everything in their power to walk this down. Why? I have a theory. They know something
Someone just gave in to the tricks lol unreal
They are still sending messages to each other I think. 601/18000 61/180000. Just my opinion but I’m pretty sure I’ve seen this before
Crushing it
I think they are sending signals in the bid and ask just my opinion
Personally I think something is up and the mms are fully aware of it
And then the bid is set at 6 with 30000 shares (63 also).
Cup in a cup in a cup in a cup. Beautiful
The won’t lower the ask either because they are scared to
The ask isn’t budging. This is 100% MM. will keep going imo
I am also hoping for the monitor report after hours or even this afternoon
Behaving extremely bullish. Something must be leaked
Yep usually they come when it’s least expected. Boom. News usually follows as well
News to come any time now...
Well we surely appreciate your inputs and I did get that message. Thanks mrsnapcat
That sounds very reasonable. Nicely done
Big boys will come when the risk is very low to them. We are taking on a little less risk with every detail announced hence a climbing pps, but we have also seen many favorable rulings to help support our plan.
It just means that the court allows the board to make decisions for themselves like normal but any significant decisions will be approved by the courts in order to protect creditors. We have already received excellent outcomes from the court which is looking good for when bigger decisions are made. We want a large buyout here as common shareholders. The judge would approve of it also if it meant debts are paid and company can become fully productive and operational.
Ok thanks for the info
If he shorted that much wouldn’t he need a ton of money for collateral? How could that order even clear?
That’s very interesting. It could surely be that too. I was thinking that was more for a company looking to sell assets and not continue operating but I may have misinterpreted and that could also be bidding for a buyout. Stalking horse bidding seems more likely to me originally because the company wants to be bought, not just selling assets for cash for creditors. Here is some more info on the ccaa and bidding process with outcome info:
Asset sales under the CCAA. In the normal course of business, the sale by a Canadian corporation of all, or substantially all, of its assets requires the approval of the firm’s shareholders and may require other filings and approvals. The CCAA can facilitate or eliminate such approvals. Under the CCAA, the court has the authority to approve the sale of assets, pursuant to a vesting order, free and clear of any security, charge or other restriction and without a shareholder or even a creditor vote. The effect of the vesting order is that creditor claims to the purchased assets are converted into claims to the proceeds of sale, with the same pre-vesting order priorities. A CCAA order can also remove the need to obtain certain consents and other requirements for closing the transaction. For example, the CCAA authorises the court to assign contracts to an assignee, notwithstanding contractual restrictions on assignment, if certain preconditions are met. In addition, certain regulatory requirements under securities and other legislation can be avoided or ameliorated through the vesting order.
Stalking horse bids. The CCAA regime is flexible enough to allow for ‘stalking horse bids’. This approach is well-known in the US, but is relatively new in Canada. In this process, the debtor company enters into an agreement with a ‘stalking horse’ bidder for the sale of particular assets or the entire distressed business. An auction process is then undertaken to obtain the best offer possible. The stalking horse bidder provides a price that underpins the auction process. The stalking horse bidder enters the process knowing it may be outbid and thus negotiates compensation for its transaction costs, usually in the form of a break fee that it will receive if it loses. The stalking horse bidder resembles the ‘white knight’ in a takeover situation.
Share sales under the CCAA. An alternative to the sale of the debtor’s assets is a plan of arrangement involving the issuance of new shares of the company to the investor, with outstanding shares being diluted or extinguished. The cash, debt or equity securities contributed by the investor can then be distributed to the debtor company’s creditors pursuant to the plan of arrangement. Approval from the debtor company’s shareholders is not required, merely approval from the creditors – unless the court orders otherwise.
Debtor in Possession Financing (DIP). DIP financing is the provision of new financing to a debtor company seeking to restructure or sell its assets in the context of CCAA protection. The CCAA expressly allows the debtor company to apply for an order to permit a lender to lend new money during a restructuring, typically secured by a court-ordered charge that ranks ahead of existing secured creditors. DIP lending may be attractive to an investor as it provides access to opportunities that might not otherwise be available. If the lender is interested in ultimately acquiring the debtor’s business, providing DIP financing can give the lender a significant role in the course of the restructuring proceedings, through covenants in the DIP financing documents. This may be a critical advantage in positioning an investor for an acquisition. DIP financing can also be profitable by virtue of the attractive spread, with the risk moderated by a first-ranking security charge.
https://www.financierworldwide.com/mergers-acquisitions-in-a-more-uncertain-world-using-the-companies-creditors-arrangement-act/#.Wzw32xgpCaM
Yep. This looks like a stalking horse bidding process
Did you do the math? If that happened to bioamber we would still have a nice payday. More than double our current pps.
Going green like BIOA’s products and my tesla
Loading zone
Exactly
I again disagree. It is not splitting hairs, the details matter and are what makes it breaks but if you want to read a couple generalized bk for dummies article from a quick google search and come try to “save people” be my guest people have been trying to do that for weeks and look at the pps. And I personally don’t care if the q stays or goes. This is an equity play based on multiple bidding companies that will pay more than is owed imo
That is incorrect they are in CCAA.
You are generalizing based on a one size fits all article. The bankruptcy was dismissed on this. That article is covering a completely different situation where a company comes out of bk vs having the case dismissed. But think whatever the heck you want
Haven’t flipped only loaded more over time. Can’t speak for everyone.
I’m just excited to screen shot this chart in a few weeks. It’s already beautiful
I see you!
It truly is stronger every single day. Today is the strongest and shows it’s potential.
For real. We have all been here for the long hall, same group of people, we are holding for much higher pps. Might as well take a nap
End of day run look out above peeps
Someone knows something possibly
I really do not feel comfortable taking out any of my position on this. The chance of massive bids from great companies coming in, huge buyout, ER release coming any moment. Flipping sounds like a recipe for disaster.
I agree it behaves more like it’s on NYSE
I actually don’t think the gap will fill here today. The price opened where it really should have closed Friday. That was a gap fill in itself. I don’t see it retracing imo