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.
Term sheet executed. It’s done. Details will be made public within the 45 days
Thanks for purchasing the doc and posting!! Huge news!!! $$$ The cancel fantasy is officially DEAD
SETTLEMENT REACHED!!! $$$$$!!! I can’t get over how shocked some people are going to be after all of this...
Only way some will learn. Patience is truly a virtue
Believe Ty’s spreadsheet had the kid at 50k shares. Good riddance
Great find CS. More proof that this was all orchestrated and predetermined. Thanks for sharing.
That’s right BC. Visolis uses future tense and states, “to own and operate”.
Bad news? Not to me. I think it’s pretty obvious they have been, and continue to, fulfill contractual obligations. Remember, they don’t legally own the plant yet, so they have to source material from China. Is it coming from an affiliate that has licensing rights to produce from BioAmber’s technology? That port is located close to a “partner” of BioAmber Inc.
Sorry “bro”, I’ll continue to fight intentional misinformation and protect truth and facts.
You should go see what he is tweeting, it’s totally unhinged
Why is it so difficult to understand that selling most of the assets in a liquidation process IS part of the pre-negotiated restructuring?? Some people on this board can’t use logic or reason...smh
I wouldn’t know. Like everyone else, I’ve been waiting almost 6 weeks for PwC to file the discharge certificate. IMO they are stalling
The creditors are absolutely aware of what is occurring outside the monitor’s purview. Just stick around a short while and everything will be revealed.
I attended the proceedings, even those that Ron and Crane did not. IMO, Ron is completely detached from reality and was lead astray by a local attorney (that I and others met with) who was too lazy/busy to conduct the research required to understand such a complex case. The LOIs were never requested by Crane. Henry was fixated on trying to create value from the Vinmar contracts through litigation. The LCY letter was never requested, nor revealed. Instead, Crane took the word of PwC that there was no additional information contained in the LCY affirmation letter.
I stated this before too. Judge Pinsonnault was unaware any documents, including the contracts, LOIs and LCY’s letter, were still under seal. He didn’t know PwC “accidentally” released the names of 2 qualified bidders. He didn’t know BioAmber owned the land in Sarnia that was valued at $12M (2018). He actually contained very limited knowledge regarding BioAmber, it’s subsidiaries and their operations. In his defence, he likely oversees a dozen cases, however I (and others) were surprised at his lack of due diligence regarding such a high profile case.
By no means am I trying to slander Judge Pinsonnault. I am merely trying to show that in the CCAA, the monitor has all of the power and dictates how the process is played out. The judge is there to trust the monitor and sign off on their instructions and recommendations. This is common knowledge among large corporations in Canada.
The shares are absolutely safe and have tremendous value. Govern yourselves accordingly!
SS
July 26th ah #sharpie
Maybe Mica and Christian are back working on Orbite, n’est-ce pas LOL
Wow 2 shareholders filed 13g’s! Congratulations to them, that is quite the accomplishment.
Yours might be old and not up to date??? Hmm
Hmmmm Derek Miller, 55 years old and from Huntington Beach. Married and lives in a home worth $650k. He earns >$250k per year.
It’s been addressed numerous times, so you need to do more research. No one is spoon feeding anyone
I recommend everyone conduct their own research. The pps has been obviously manipulated and held down for a year now. Accumulation is at 100% and no one is selling at these levels. After 2 years of deterring investors, public sentiment is poor, so many speculators have left or are waiting for an official PR. That will be too late though...
It will be disclosed soon enough, don’t you worry
LOL it’s obvious PwC ran this concurrently with two different teams.
Visolis Transaction (Asset Sale): Mica Arlette and Christian Bourque
LCY Transaction (Share swap/Buyout): Paul Pettigrew and Christine Pouliot.
Non shareholders will be kicking themselves for years...
I can confirm that Crane requested the LOIs from PTT and Greenfield, as well as for LCY’s investment letter, to be removed from under seal. I can also confirm the judge didn’t even know there were still documents under seal....dun dun dun
Lol so many misinformed shareholders and non-shareholders.
The cancel fantasy is dead.
Formed 2 days ago. BC, you are relentless in your pursuit. Great digging, you must have been checking for new QC corps everyday. For those who have done the research, this clearly supports LCY’s investment letter (still under seal) and confirms LCY purchased BioAmber in its entirety via a 2-step transaction. Now we just have to wait for judge Pinsonnault to dismiss Henry’s written response from the review of the contracts and discharge PwC. People are going to be shocked. Govern yourselves accordingly!
They haven’t, I’m just pointing out that there are plenty of ways to avoid certain filings.
Lol oh ok i better sell all my shares then LOL
Hahaha wrong. Section 13(d)(6)(D) provides that the SEC may, through order or regulation, exempt any acquisition or proposed acquisition of a security from Section 13(d)’s reporting requirements. They may choose to exempt parties if there’s no board of directors, or if there’s already a confidential exemption in place. You should also research what “going dark” means for a public company.
Ross, this deal was done prior to the voluntary bk petition. No one received the books. Crane LLP was granted 4 contracts to review under NDA where he will have to convince the court he can realize value from them. This was just a professional courtesy for his passionate cross examination of Christian bourque in which he made some valid points (I.e. PwC not auditing their client and trying to monetize the over $400M in NOLs). The judge will review Henry’s written response prior to the next court date. Nothing will come of Crane’s efforts as those contracts have nothing to do with Sarnia and the CCAA. The monitor will be discharged on June 26th.
And I’ve never accused PwC of fraud, although they have walked a very fine line. They are literally facilitating a billion dollar deal and utilizing tax components and bankruptcy laws in 2 countries to create enormous value for their clients. My problem is that this has gone on for a year now. They have tried all of their tricks and was able to shake tens of millions of shares free. Not to mention the hardship investors of BioAmber had been put though the last 2 years. Enough is enough, it’s time to reveal the second transaction with LCY/KKR
One can post an email sent to them from any counsel. Funny to see you back here
Great catch BC. Nothing gets by you
LOL a couple mathematicians on this board!! Cancel fantasy running on fumes hahahahhaha have a great day longs
Share cancellation theory being debunked easily by a few smart and savvy investors. If you’re still falling for it, you don’t deserve what’s coming. Plain and simple. The big reveal is imminent!
Great post Koan. Can’t believe this still requires clarification
Nobody!
Share cancellation theory being debunked easily by a few smart and savvy investors. If you’re still falling for it, you don’t deserve what’s coming. Plain and simple. The big reveal is imminent longs!
Great post, thanks for putting this together.