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.
It’s not advice it’s facts. Nobody will pay you for those worthless FKA BioAmber shares EVER.
Nope you will get paid nothing FACT! The government doesn’t own anything LCYB owns all of the plant, assets, tech and IP free and clear. You can make up all the crazy nonsense you want but nobody owes you a dam thing not KKR, LCY, LCYB or Visolis.
Instead of believing the pumpers and liars you should have read the court docs and got out.
Now you’re stuck with those worthless shares forever.
They got the company for $4.34 mil because it was not only a flop but was drowning in debt with no way to pay it. Over $100 million in debt they couldn’t pay. BioAmber was burning cash and losing money daily.
If you would read any of the financials, court docs, monitors reports this would be blatantly clear.
Seriously would at least read the link I posted with items from the class action case? It will be a real eye opener as it’s not the fluffy made up BS or conspiracy theory BS either. It will definitely shine some light on why BioAmber failed and why it sold for so cheap
High output? You might want to read the link I posted as well
You might want to read this if you want some info on how much of a failure BioAmber was
https://ia600609.us.archive.org/19/items/gov.uscourts.nyed.398965/gov.uscourts.nyed.398965.30.4.pdf
What does it matter if it sits empty anyway?
LCYB backed by KKR and LCY can let it rot away to dust if they see fit. It’s not like it will hurt there bottom line at all.
Thing is it won’t change anything the FKA BioAmber shares will still remain worthless and FKA BioAmber shareholders still lost their investment. Nothing will ever change that
Yeah I know but someday maybe one of the good things coming crew will actually read
What BioAmber Sarina plant?
BioAmber has no Sarina plant and for that matter has no assets at all. Even the corp was voided by Delaware long ago.
LCYB owns it all now and who cares how much grass they have? LCYB owns all of FKA BioAmbers assets period
Why it’s a board to discuss Formerly known as BioAmber
Mitsui owns none read the link
Mitsui didn’t want anything to do with BioAmber and that’s why they got out of the JV.
Might want to read up
https://ia600609.us.archive.org/19/items/gov.uscourts.nyed.398965/gov.uscourts.nyed.398965.30.4.pdf
Mitsui isn’t holding BioAmbers anything. LCYB owns all of former BioAmbers IP.
Mitsui wanted out. Go read the class action lawsuit documents
Wrong again. I just posted the legacy assignment again showing all of them were sold and assigned to LCYB. There’s no way to argue it.
I have posted this a bunch of times. Here is the legacy assignment again showing BioAmber as the assignor and LCYB as the assignee for all the patients.
Let’s not forget it’s also shown in the APA.
https://legacy-assignments.uspto.gov/assignments/assignment-pat-51062-55.pdf
LCYB got everything for $4.34 mil.
FKA BioAmber had all of its Directors and BOD resign, employees terminated and was then shut down. Now it is nothing more than a debt ridden shell devoid of all assets as well as had its corp voided by Delaware.
FKA BioAmber shareholders lost their investment and there is Zero chance of any form of monetary recovery or getting shares in a NEWCO. Let’s not forget that it would be illegal since all of the creditors are impaired and a secret second step would be bankruptcy fraud.
Now go ahead and disprove any of that there sport lol
How interesting is it when the Newco Jv is already known as it was stated right in the letter?
It’s stated right there that the Newco Jv was being formed by Visolis/LCY and we all know it is LCYB. His post is complete nonsense
You might want to read the first paragraph as it explains exactly what LCYB was purchasing and for how much SMFH!!
Yep LCYB invested a total of $4.34 mil into the purchase of all the BioAmber assets free and clear.
It’s defined in the letter that they were purchasing the assets only as in Lots 1,2, and 3. It’s also stated that no liabilities, contracts or payments are being assumed.
All one has to do is actually read the letter to know exactly what LCYB purchased and the shares were not part of it.
KAHC spac was liquidated and closed back in 2023. It’s right in the filings. All of the money was given back to its investors
Why do you post lies that are easily refuted by anyone who can read?
Let’s not forget that LCYB is free to go public at anytime but FKA BioAmber shareholders will not receive one penny from it
Sorry for the loss of your investment. Since FKA BioAmber was liquidated due to being insolvent leaving all of its creditors impaired with no chance of recovery it’s impossible and against the law for you to receive any form of monetary payment or shares of a NEWCO.
A secret second deal would be 100% bankruptcy fraud. Everything that Biowin and IE suggest would be bankruptcy fraud
I enjoyed this part of the financials
“Concentration of Risks
The Company’s accounts and receivable as of May 31, 2024 and August 31, 2023 and revenues for the nine-month period ended May 31, 2024 and May 31, 2023 are primarily from four customers.”
So with revenues going down from 2023-2024 looks like they lost a client instead of gaining any
How does one post “holding them strong” with any type of seriousness when the shares have had a value of Zero for almost 5 years, are attached to an insolvent liquidated debt ridden voided shell with Zero chance of monetary recovery?
It’s not Majority Holding Strong when you have no choice but to hold them
Its Majority Stuck With Them Forever since that is the only option you will ever have
BioAmber didn’t get anything as it was liquidated long ago.
The contract with Vinmar died with BioAmber. LCYB did not want any of the contracts assigned.
What Visolis, LCYB, or LCY supply and who they supply it to again would have nothing to do with you as you don’t own stock in them.
You own worthless stock in a dead liquidated debt ridden voided corp.
So then you can’t post it from the docs. That’s because it doesn’t exist lol
Well come on then post it if you can lol
No it’s not, it’s the investment in FKA BioAmber that has FKA BioAmber shareholders lying to each other with stories of good things coming. It’s a 100% fact
FKA BioAmber has been gone since 2018. Fact.
FKA BioAmber shareholders worthless share are there’s forever FACT
KKR, LCY and or LCYB have absolutely nothing to do with FKA BioAmber shareholders and don’t owe them anything FACT
The entirety of the good things coming crew and anyone who thinks FKA BioAmber shareholders will get paid for those worthless shares is 100% lying or truly clueless FACT
That’s text book
That is great for LCYB!!
LCYB is a private company which you do not own stock in LCYB lol.
Your worthless stock is attached to a debt ridden shell.
No shares were not canceled. The CUSIP was suspended and ticker symbol deleted by FINRA due to the liquidations outcome. That outcome being insolvent BioAmber leaving all of its creditors impaired to the tune of $100 mil or so.
That means it’s illegal for you to ever receive any type of monetary payment or shares in a NEWCO.
It is also impossible for you to sell the shares or for them to split lol. The corp they are attached to BioAmber Inc has long ago been voided for non compliance
Your shares have a value of Zero actually less than Zero due to the $100 mil of debt attached to them so why would anyone want or need you to cancel them?
Keep that Manority LMFAO!
Who care what they are waiting for as it has nothing to do with FKA BioAmber shareholders.
I hope they go public ASAP just to read the excuses why you don’t get paid
Are the Canadian courts open on Saturday?
Next event date 2024/07/20
Honestly I would like to be a fly on the wall for that conversation.
Mr attorney you have to remember that the DD Elite the Caww Crew said we are going to get paid billions from BioAmber Inc!! They liquidated 0 assets. LCYB paid $4.34 mil for maintenance but all the assets are hidden. Let’s not forget LCY said acquired BioAmber on their website!!
Attorney hands out copies of the final 8K, monitors discharge Certificate and the APA
Shareholders steering committee speaker slambs it in the trash on his way out the door and yells that’s all fake made up by the bashers and shorts. We know LCY is holding BioAmbers CUSIP they can use it to go public and KAHC is holding billions in the Caymans for us
Attorney why would they pay you billions for what they already bought for $4.34 mil
Shareholders start googling the next attorney
Yeah buddy fire up that lawsuit!! I bet once it starts to cost folks more money they just might try and learn how the process works.
A lawsuit will just be throwing away more money to a bad investment but hey it’s your money to waste. The lawsuit will never materialize
I have no problems at all except for the fact that you’re a LIAR!!
I’m calling you out!! Prove that a legit professional told you there is more coming when in fact that would be illegal!
That is a 100% Lie!! Why do you continue to Lie? There is no way on gods green earth that any professional told you that there is more coming.
There is no way that any professional told you anything except that you lost your investment in FKA BioAmber and that your shares are now and forever will be worthless.
Still wondering why we have all these former shareholders coming around the board 5 plus years after FKA BioAmber was liquidated and closed its doors forever. As a trader one would think you would know that you lost your Investment and there is ZERO chance for recovery of any kind.
LCYB and or LCY going public doesn’t involve you or and other FKA BioAmber Inc shareholders.
You don’t own shares in LCYB lol
That is a complete LIE and would be 100% illegal. Learn how a bankruptcy of a PUBCO works.
Yes BioAmber Sarina and Canada were both part liquidation just like BioAmber Inc. BioAmber Sarina and BioAmber Canada will be dissolved shortly.
I hope LCYB goes public soon just to see your next excuse when you don’t get paid LMFAO!!