Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If true, this is worth quite above liquidation values
Yes, they can convert the debt into shares. That's one of the scenarios I am considering.
Are you Wayne Olson?
Already explained. PTT needs these assets. They have a plant that depends on Bioambers supplies.
Maybe they saw they were alone and preferred to wait... Or didn't want to show their hand... Anyway... PTT definitely needs bioamber and its technology
YES, PTT wants the whole thing. They have made a huge bet on biodegradable plastic which requires succinic acid. They need bioamber.
PTT is still one of the candidates. They are building a plant. They need bioamber plant.
I will say it again PTT has a huge interest and incentive in buying the whole operation. This is a massive opportunity for them to have access to a world class asset and intellectual property.
PTT undoubtedly interested in the patents. They are investing heavily in succinic acid.
The impairment is just an accounting visual effect as a result of the underusage of the plant. That could be temporary if given the opportunity.
Big pockets surfacing at BLUU...
It's absurd... They should allow the company to achieve full capacity usage of the plant to reach the break even point.
Vinmar international has a multiyear contract with Bioamber to supply 210,000 tons a year of succinic acid. Huge incentive to avoid the liquidation.
PTT is making a huge investment in their own succinic acid plant. I am sure they will be bidding for the intellectual property. As well as for the plant. They have a massive incentive to not let this go away. Same goes for Vinmar International with their multiyear contract with Bioamber.
Definitely.
7-10 days away from default filing...
I disagree with this. The plant has been running until very recently.
The plant will be profitable at full capacity which should be reached by a financially sound shareholder.
Now this forecast will begin to make sense... Congratulations... Good days coming finally...
Audited financials and the involvement of the government of Canada don't lie.
This is so FALSE. APPALLINGLY FALSE.
NO, because you are not taking into account the cash, receivables and inventories into account. So the amount necessary to reach equity is much lower
Of course they are... They remain a key customer of BIOAQ and they need the plant
https://www.icis.com/resources/news/2014/07/07/9798960/bioamber-vinmar-broaden-agreement-on-bio-bdo-succinic-acid/#
Vinmar International is another key customer for BIOAQ but it doesn't appear on the bidders list... I wonder why...
Don't you find it strange that Vinmar doesn't appear on the list of potential bidders? It's a very significant customer of Bioamber...
What about Vinmar? They are the second biggest customer but they appear nowhere...
There are a few gaps in the chart
Excuse me, I am wrong... Value of stocks is much higher since it consists of finished product ready for delivery at an agreed price...
Yes, but stocks will be sold at a much lower price... Hence my estimation of 1.5-2 million usd assuming that there was any stock left... Hopefully not...
Remember... We have to take into account cash, receivables and stocks... That would leave us a value for the plant and intelectual property of 40 million dollars to reach equity.
Can you please ask them to give an approximate present value of cash, receivables and stocks? They are quite substantial on the 10K 2017 and could make a big difference...
All I am saying is... Cash and receivables amount to $10 million dollars... Subtract that to the total debt... Stocks worth 1.5-2 million dollars at least... 63-12=55 million regardless of the plant an intelectual property
Take into account the value of other assets... Cash, receivables, stocks, intangible assets... They help to lower significantly the amount of debt owed...
BIOAQ is a perfect fit for a group like Cargill
Which gap?
Can you please elaborate? What is your expectation with bioaq?
Affidavit of Service filed.
Symbol C*BBB
YES BUT THE Figures are in CAD. No major changes from the 10K 2017. STOP MISLEADING PEOPLE