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Pursuant to the Notice of Intent (NOI) filing on May 4, 2018,
PricewaterhouseCoopers Inc. (“PWC”) has been appointed as the trustee in the proposal proceedings of BioAmber Sarnia Inc. and BioAmber Canada Inc., and in that capacity is monitoring and assisting BioAmber in its restructuring effort. Please contact Rick Eno, BioAmber, or Claudio Filippone, PWC, for information on participation in the SISP.
Basically PWC has a division of employees which make these types of deals happen.
I don't see a positive for a hold. It got delisted, without a appeal from management, at least 2 of 3 institutional firms have sold out, their FEB attempt to sell stock failed. the chart since Jan 2017 is a disaster. During all this there was no attempt to change management.
Sorry don't have an imagination. assets larger then debit. Doesn't really matter, when a dead company being sold off piece by piece doesn't save long investors. It saves debit holders.
Maybe proxy vote was cancelled, maybe not. Doesn't really matter as I am 100% sure any cancelation of a R/s & A/s Raise vote didn't cause the price run.
Thanks for your work supporting you point. Most wouldn't have made an effort. Your the man!
You may be correct. But it takes an army to run up a hill to war. Not just a few that heard charge. It's been my experience there must be big, in your face, positive news, announcement to drive a price that large. Or big guy manipulation.
If a Q report is due, it should be filed with the SEC.
Now that's due diligence research.
US case canceled July 6 on friday. (after hours) It's all up to Canada now.
GREAT work!! post at their board. It's real news!
6/7/18 ouch "Hasn't hit the newswire yet"
Never did hit the news wires because it was bull chit!
Never did cause June 10 to 18 run!!!
Just a post on a message board. I could post the company is completely out of chapter 11 and all share holders maintain their ownership as before the filing. Doesn't make it true.
Thanks for the link.
I think this is keeping the Subsidiaries up and running in Canada.
A CAN$3 million DIP financing, provided by Maynbridge Capital, will be disbursed to BioAmber in two tranches: up to CAN$2 million can be disbursed through July 31 and an additional CAN$1 million can be disbursed after July 31, assuming the receipt of an LOI.
As for the;
ruling simply changed the type of bankruptcy from chapter 11 to one that was under Canadian jurisdiction?
the May 4 8k
BioAmber Sarnia Inc. and BioAmber Canada Inc
The Subsidiaries will continue to operate their businesses as a “debtor-in-possession” under the jurisdiction of the Quebec Superior Court and in accordance with the applicable provisions of the Canadian Bankruptcy and Insolvency Act. Pursuant to such filings, the Subsidiaries have thirty days from May 4 to make a proposal to their creditors
THE June 8K RULING;
The stay of proceedings against the petitioners has been extended by the court to July 31, 2018, consistent with the timing of the SISP;
All I see is an extension of time in Canada for the Canada chapter 11 case of BioAmber Sarnia Inc. and BioAmber Canada Inc..
There is still a US case for BioAmber Inc. I think the parent.
Can you link me to that news of R/S & A/S cancellation? And why would anyone buy the price up 75X for going into chapter 11 instead?
Chapter 11 is first step. Bankruptcy the final step. Somewhere in-between lays a new start up company. With the information now available shareholders have no idea what a new company will look like.
There is zero reference to how debit will be handled, or share restructuring if financing is gotten. All you know for sure is the court said they can try to find funding and then restructure.
July 31 or any date between now and then can end this all.
Note in the last 8k;
There can be no guarantee (i) that BioAmber will be successful in securing further financing or achieving its restructuring objectives, or (ii) that, in the event of the completion of its restructuring process, BioAmber’s shares will have any value. Failure by BioAmber to achieve its financing and restructuring goals will likely result in BioAmber and/or its subsidiaries filing for bankruptcy.
This means your betting on a wish & hope. Even if funding takes place, you have no idea who gets what during the share restructuring. Common Shareholders may end up completely wiped out with debit holders holding all newly issued stock. No idea where you found there are no preferred holders, but they also will be bargained as to how much ownership they end up with, if they exist.
Yes there is RISK !
Just a word of warning about companies with (just out of or going into) bankruptcy stock.
You don't want to get caught holding with expectations of a future.
Because you can often get killed as a shareholder, when debit gets settled. I mean one day you own $5k worth, the next $500 or zero worth. Often the final word (report) is the day all hell breaks lose. And while your holding for the undervalued turn around. The whole thing falls apart.
Personally would day trade these. I know better but still just got stuck with one. swing trading 6500 shares @ .42 that just turned into 23 @ $21.15 a week early. Should a been day trading, not swing trading. But I thought I had at least 1 more week.
OK to share link, but please qualify post was personal speculation! not a recommendation to buy or sell.
Update on your BIOAQ find. Previously did a chart, presently did some research because the chart stalled without breaking top resistance.
http://schrts.co/WMMsCj
OK May 4 th company went into chart 11 bankruptcy. NO news until June 7 when some how, NN Group N.V. from Netherlands reported devesting it's over 5% ownership.
Now comes the interesting part. June 10 to 18 the price ran huge. (.008 to .063 cents) Prior to the June 20 8K, stating court approval to come out of bankruptcy on June 18. The final day of the price run. And continue manufacturing & search for new financing.
So someone with inside info bought the price up on PRIOR court case knowledge. June 10 to 18, with 310 mil volume involved. More then twice the OS.
Short Interest
824,507 (15.81%) 06/15/2018
Note: very possible there may be some Market makers naked short. Which in itself could start a cover run.
OS 129,450,655 shares of Common Stock issued and outstanding as of March 27, 2018, as reported by the Issuer on its Form 10-K/A filed with the Securities and Exchange Commission on April 30, 2018.
This one looks shady. Keep an eye on it. There is still no info if the company has found a funder. But if they do IMO you may see the repeat of the June 10 to 18 pre-news report run again. OR it is possible there may be a REGSHO naked short run soon.
At any rate I'd keep an eye on this one for a week or three!
No company news, means no company actions. No company actions means no company funding. Means no manipulated run by funders.
Could be a trading group. Trying to sell accumulated. Those plays don't go very large or long. The past 3 days may have been it.
HAPPY 4th of July
exactly
thanks for the help.
Should be looking for volume. So far it's less then half the red day candle. Without more volume, today does not support a overall positive sentiment continuation.
Just saying. Wanting more is not always what you get. I was happy with what I got, out at target.
Looks like CBL just isn't going to give me an lower basis entry point for a divvy hold. Amazing run.
http://schrts.co/5BVeDg
The trading consensus is not to average down. But in some personal cases this action will help the individual.
Basically if your going to sell out, do the math, to see how many shares and how low a prices is needed to reach an acceptable loss figure, with the cash you have available.
Item 8.01. Other Events.
As a result of conversions and exercises of certain of the Company’s securities, as of June 1, 2018 the Company had 1,002,240,000 shares of common stock issued and outstanding.
CBL chart and a little about trading with a business plan.
Dividend basis chart;
Purple is the swing trade I made and basis I gave up, doing so. Have until June 29 to get back in and will see how far the retrace reduces my basis loss.
------------------------------------------------------------------------
But overall, my divvy hold goals have been 15% per year. So this one should fit well into my 2018 overall business plan for 30% of portfolio in (2) 15% dividend stocks. Presently hold ORC @ 14.5% basis.
This years business plan is 30% dividends with 30% return, 10% in OTC parabolic trades, wanting 4 doubles for the year and 60% in 2 week swing trades with small cap stocks under $5.00, making 5 to 10% per cycle.
Want goal
This calculates out to
30% on 30% of cash
400% on 10% of cash
180% 0n 60% of cash
Need goal
a cash double
Expect goal
150% of cash
Every trader should have a basic yearly, monthly, and weekly business plan with Want, Need, and expected gain goals.
CBL
Finally has shown exhaustion. On huge volume and high candle tail. If you own it, take profits. If watching for dividend entry, keep an eye on A FIBs overlay.
http://schrts.co/dqLJ56
CELZ
TA & Chart looks good
http://schrts.co/saBtd3
Also if you guys want to have a conversation, that's OK. I'll clean the board up after. But remember this boards main function is to educate and learn how to make money.
So don't get pissed when I remove off topic conversations, later.
Also: Remember name calling only detracts from you, lowering the respect your looking for, not the person being attacked!!! There's a better way to voice disapproval!
I want to state, while OTC penny playing brings eyes to the board. I'm a big board trader. And most all educational info presented is for use there.
The way I think about trading for a living is the big boards provides the meat and potatoes for life and the OTC the beer and pizza for excitement.
I started on the OTC, but learned the big boards, with the correct business plan, is the way toward success. Not shooting for the stars. Slow and easy builds love. Wam Bam thankyou Mam can kill you.
I just posted that working at the stock market is an individual thing. My trading style may differ from others. So one should use data which works for their trading style.
I trade chart patterns on a 2 week cycle, with gain targets based on pattern targets in the 10% to 20% gain areas.
I start with a sector Performance which is within the top 3 position on a monthly evaluation, of the FINVIZ group tab.
To find stocks that meet my requirements, on FINVIZ screener tab, I pick stocks under $5 with volumes over 200k and short under 5%. Day trading would require different parameters and position trading or long term investing different still.
But if your swing trading on patterns which should produce gains 10 to 20% gain, within 2 weeks. Picking the hottest monthly Performance sectors, under $5 with volume interest at least 200k a day, works well.
With luck on may find 3 to 5 with interesting chart patterns to take to Stock charts for strong Mindset, Phycology, and Sentiment evaluation, using Volume & TA indicators.
Expectations, Wants, and Needs, can control the decision making process. Group think, Opinions, and Emotion often does.
Success comes from experience. There is no black and white to making money at the stock market. What works to reaching personal goals of one, may not work for another's personal goals.
For years, I've been teaching and preaching a Rules based business process of working at the market. And stressing individuality to ones education. Because each person has different Expectations, Wants, and Needs from the experience.
Example: I said; I'd would probably hold my large paper loss error for a long time. And someone else said they set a limit to the loss they would except.
You posted you don't understand my thinking.
Maybe I don't need the cash as much as someone else does.
Maybe my Expectation is I will balance out better down the road and have no Need, to Want finality, at this point in time.
Maybe the other person needs to buy milk for their kids.
Maybe I could be saving the loss, if it still exists at the end of year, for tax benefits.
Maybe the other person Wants the cash to rebuild their cash trading balance.
The point: one should not judge another's claimed actions, based on their own point of venue.
And for your IHUB concerns; the problem can be corrected very easily. STOP reading individual stock message boards. I did Over 10 years ago. Only pop in now and then to see if the blatant bull chit has slowed any. It hasn't. LOL
Why should I, with my individual; Expectations Wants and Needs. Base any personal financial decisions on Group think, Opinions, and Emotions.
MESSAGE BOARDS are for entertainment only!
Think I'll ad a little about the subject of How I do homework to choose next trades.
I use FINVIZ to find stocks and patterns I like. Then take those chosen to StockCharts to evaluate those patterns.
Once video is started;
CLICK youtube logo to see full screen !!!
This one finds potencial
Taking a large loss after a mistake is a personal issue. I personally will not take that loss. And may own RNVA for years. LOL
Stockcharts is my charting site of choice for doing next trade chart pattern research.
As for TD ameritrade I also am very upset they are removing trade architecture. To the point I'm researching other broker trading platforms. For a possible switch.
DB
I see accumulation in the May support indicators, StochRSI and CMF conflict. StochRSI saying BE OUT with strong buying pressure. Thus Retail orders thinking is, the worst is over.
April showed Retail leaving with StochRSI saying BE IN and strong selling pressure in the CMF.
This flip indicates sentiment is $13.50/$13.75 SHOULD BE ?, the stocks TRUE VALUE. That would be my target, if it bounces at $11.00
http://schrts.co/jgKwVh
You really need to understand the different forms of funding available to start up companies.
http://www.yourarticlelibrary.com/difference/major-difference-between-equity-shares-and-debentures/26217
https://strtp.com/types-of-startup-funding/
https://strtp.com/varieties-of-debt/
Home work. And this is just the basics.
What I post about is seen in the worst forms of funding.
Convertible debit, backed by share issuance and future discounted warrants. This type of funding locks up the company to very unfavorable terms that can burden company growth for years.
or
Share offerings creates one time (stock dilution).
These forms of funding put shares into big guys hands at deep discounts from market prices. Thus giving the big guy the ability to reep profits buy selling into that open market.
Then the price pull downs come from when insiders, to the funding deal, walk down the price to offer these big guys the discounts and huge gain possibilities at double and triple zero levels.. And with this knowledge they also load up low and sell into the runs created by these types of funding deals.
That's the concept. But it's not M&Ms, it's their client. M&Ms are broker/dealers and do NOT issue stock. They complete stock transactions for clients. The clients get shares from the company for investment.
Also it's speculation on my part, that this happens.
But you have to keep in mind CLKA funding is share based. Their investors are purchasing stock in the cash raise offering.
RNVA's is debenture based. With Debentures normally there are no shares transferred to the creditor. A credit facility is held @ an interest rate, with a repayment date.
Completely different funding!
Can't believe what's happening at CBL, which I mentioned recently. LOL It's becoming a Wonderment. And I may not get a buy back in op for the divvy play I hoped for.
http://schrts.co/GDBZZS
CLKA
I think the May 8th offering adjustment bought was sold last week the 22 23 24th. (In which I took profits and left). Those .0003 shares were sold to retail over 3 days, for triples to the big guys.
Now that you asked, I took a quick look back and noticed they just issued another offering alteration May 29th. They moved the price up to .0005. So it's possible the walk down will continue to below that area. With another possible few day pop on any of the .0005 share sold. Which usually takes 3 to 5 weeks.
Do what the big guys do! load the lows sell the highs
Using my rules of thumb for parabolic OTC runs. Looks like 580 mil was traded over 3 days -25% retail = 425k of .0003 offering probably sold, for $127,500 +/- investment.
1.25bil offering - 425 mil sold = 825 mil still available for the May 25th offering adjustment @ .0005.
Also note: in the chart / The gap up high candle spike, on day 3 of the run, which was an exhaustion signal of run ending possible. With red day after, must exit signal conformation.
The more you see something happen. The more you can believe it!
Here's a heads up.
Research CBL for a dividend investment. I just closed a 10% swing trade there which was going to be an investment for 15%+ yearly divvy. But it ran to strong to not take profits and wait for re-entry after the retrace. 21% short interest, so it should come back down for a good low basis point entry again.
Keep an I for the expected retrace & bounce.
https://www.finviz.com/quote.ashx?t=CBL
"A wonderment" I herd that in a movie I was watching, maybe when I was 30 something. Thought; what a great way to say "All of my knowledge, experience, and logic can't explain what I just experienced.
Example: last week I walked into my kitchen and found a dead mouse dead center of the floor. It was on it's belly with all 4 legs spread out like an X.
No poison, no cats, no traps. Just a dead mouse dying while walking or running across the floor.
That was a wonderment!!! LOL
Ps; just another personal thing about trading. I don't look back once gone. On to the next one. C. My money is in the bank.