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Can you include text from the previous words in the sentence prior to the number? Looks good so far.
You the man.
Anyone else see any other documents from the buyers for previous acquisitions?
Love to see if my previous image is consistent.
The original document is 12 point Times New Roman, but PWC clearly shrank the document converting it to PDF. FOr this example it's with 11.5 all of the spacing in a normal in the document, its standard so there was nothing to worry about with that.
We need to see what each lot went for to determine what we are getting.
The petition on PwC never mentions what they went for. But it sounds like they didn't get as much for Sarnia as they hoped.
It's a pleasant surprise, however, to see that the creditors can not touch BioAmber Inc, USA assets, because the loans were taking out by BioAmber Sarnia and Canada.
Gotta love our protective "shell" corporation. Shareholders are getting something, just may not be the pie in the sky prices we wanted.
This process is moving quite fast, do you know how long it takes just to order a piece of software in a large company. They are hammering out the final details. Anyone who has shares in this is guaranteed a nice profit.
1 Vesting Order = 1 Buyer.
Strategic Buyer Confirmed.
Dream are free, but the money is real! $$$$$$$$$$$$$$$$$$$$
Get outta here with technicals, it's fundamentals time.
300M is my guess.
Can anyone see the next court date assigned to this case? I have not been able to find this information.
6 Trading days left!!!!
Chapter 15 in the bankruptcy codes simply describes how courts outside the United States may hold their own insolvency and restructuring proceedings for US companies. Technically, BioAmber, the Delaware parent, is in CCAA with the Sarnia and Canada organizations.
I am hoping we get to celebrate this weekend...
Halftime...
Take your 3k and hire a financial advisor because you clearly shouldn't be investing by yourself.
Here's ADM last FWPs.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000007084&type=FW&dateb=&owner=exclude&count=40
Do any of these coincide with any acquisition on their part?
Yes, perhaps cargill wants it all. And it would make total sense for them to get in the Succinic acid business.
This is not Bankruptcy. This is CCAA. If it was Bankruptcy, it would clearly say it on PwC page.
https://www.pwc.com/ca/en/services/insolvency-assignments.html
MLK Jr's dreams were not free.
Your opinion is wrong.
Apples and oranges. Bankruptcy is not liquidation.
In short, the strategic buyer is buying the company in light of how it will enhance their existing operations. They are often willing to pay for readily realizable synergies, and many times will pay for speculative synergies, particularly if the target company is being marketed to other competitors (through some type of “auction”). Strategic buyers are much less likely to retain all of the current personnel.
https://mercercapital.com/article/financial-vs-strategic-buyers/
This might be because strategic buyers pay more for businesses than financial buyers. In Pepperdine’s research, 50% of respondents found strategic buyers to pay a premium between 1% and 20%
https://www.axial.net/forum/financial-vs-strategic-buyers-better-business/
The motivation for the buyers is sealed bids from competitors.
Like I said earlier today, this is a buyout from a strategic buyer. This is not a liquidation of individual assets, not a joint venture (that would have been a financial buyer, there were none this round, no one wanted management from the KERP agreement), and BioAmber will be gone.
I am holding and hoping that the strategic buyer's bids are enough to give me some money out of this. The sale range is anywhere from 70 to 200 million for the whole pot. With the Assets almost double liabilities, and a one of kind plant, it's very likely.
The shares have to be bought out. Since BioAmber will not exist there is no recapitalization to worry about, there is no canceling common shares.
It's called liquidation because the company BioAmber will no longer exist. It is being liquidated.
The assets of BioAmber (not BioAmber itself) can be bought by two types of buyers, now. A liquidator wants to scrap the assets for quick profit, a strategic buyers wants the assets to use for its own purpose.
Yes BioAmber will be liquidated, the assets will not be liquidated. There is a huge difference.
After this process is complete, BioAmber will be gone, BUT, the assets will belong to a strategic buyer, and the sarnia plant will still exist.
The great news is, there are 2 strategic buyers already locked in. The strategic buyers will pay more because they realize the value in the Sarnia Plant and the intellectual property rights.
Building a new plant like Sarnia would costs 180 million dollars today, per the PWC report. The value is estimated somewhere at 70 to 95 million. The sale price of the all the assets to the strategic buyer will fall somewhere be tween 70 million and 200 million, factoring in the plant and the intangible assets.
That's somewhere between 5 cents and a dollar.
Yes that range is very large, but if you bought right now and .02, you could double your money. There is a 80% chance your gonna profit off of this.
Don't listen to people who selectively highlight one "bad" word in a 50 page document. Those people want you to sell and want to buy your shares cheap.
No crap, liquidation soon... It's in the process now. The assets will be bought by a strategic buyer. There are two, who will be bidding out each other for the assets.
I know that pwc valued this at 1.61. The person I replied to said Eno and the judge said they were looking for 1.00 a share. I don't know where that info came from.
If this was a true public statement this would be at 1.00 now.
I'd like to know where you saw the Judge and Eno said they wanted $1.00.
I'm all about it, but I never ran across that statement in my DD.
I been saying all along. This is fantastic news. This will go to a strategic buyer and not a liquidater.
I'll venture a guess between 125m and 150m. Bookmark this post.
Yes, very much so. Infact I am the one who posted a 100 page textbook application of CCAA. And yes I've been following the DD. If a financial buyer comes in and BioAmber exist as it did prior to the closing down of production, I'll eat my shoe. The most likely scenario is a strategic buyout. Which I hope to make some money off of. Im in with 25,000 @ .029 average
There seems to be a lot of confusion here from those who are bullish. There are no financial buyers, no one is going to buy BioAmber and keep it running. BioAmber is gone, and it's employees are gone. The best case scenario is a strategic buyer buys the plant in it's entirety and uses it for their own business.
Can you provide a link to this information.
I have not been able to successfully find any information regarding claim.
It makes very little sense for a buyer to requests KERP, because its always requested by a debtor (BioAmber in this case) as an incentive for management to stay on board.
Further more, PTT and Greenfield are strategic buyers, not financial. They had very little incentive to keep the management since they're more likely be interested in the plant itself, not retaining operations of BioAmber.
It is highly unlikely that a strategic buyer, such as PTT and Greenfield requested to keep current management, they had no interested in keeping BioAmber running in its current form.
Exactly, Essentially, Eno said, you take our managers or we are liquidating.
PWC and CCAA Court have control over this, not Eno. They removed the KERP agreement and opened bidding to more parties. And now we wait.
The reason why the SISP offers failed was because of the KERP agreement.
BioAmber management wanted to stay on board, the two SISP offers did not want BioAmber management, therefore they did not put an offer in in the first round of bidding.
Bruce the boileroom banner.
The canadian courts are in charge of the BioAmber Inc, the U.S. "Shell", CCAA process, via CHPT 15 filing in US Courts.
PWC is the monitor for all 3 BioAmber entities, this includes the U.S. "shell".
Ramen Noodles and Steak.
The end of the day is day traders talking their profit.