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.
I don't think they notify bidders tomorrow. I think they open bids and analyze. Per your email, PWC doesn't give a notification to bidder date. The date of Aug 28th is given as a date for a court report to report on the conclusion to the process
Tomorrow is the deadline to submit a bid. Sarnia plant is still open for bidders to tour.
Read the 4th monitors report. On the 54th page, PWC states no bids as a going concern. IMO is why the two bidders withdrew. I do agree that morning was brutal - but IMO that's why most people don't trade penny stocks, roller coaster for pps.
In or out. Posts here are irrelevant to bidding process and pps.
All irrelevant. It is what it is. We will get what we get. If you don't believe it's worth it - move on. In or out - time's almost up. Buy shares or don't. No one cares. We have huge companies on the 4th monitors report that may benefit from owning the plant, equipment and patents. IMO the pps at a penny is a steal.
The only fact known is that the first bidding process was for a going concern.
The difference between liquidation and a going concern is that in a liquidation sale, whole new company buys and sets up shop if they choose to do so.
BIOAQ is being sold. The first bidding process was as a going concern. IMO this time around, we see big companies looking to purchase outright, patents and all.
4th Monitors Report in the teaser on page 54 under Transactional Context:
"No offers were received following the first solicitation process for the sale of assets in going concern"
I'm in agreement with those of you who posted this is why offers were withdrawn. Bidders were not looking for partnership or to help BioAmber continue operations as a going concern.
IMO big bidders are looking to buy outright - patents and all.
https://pocketsense.com/going-concern-value-vs-liquidation-value-3187.html
Going-concern value represents the monetary value that can reasonably be expected to be received from continuing business operations
liquidation value represents the total sales value of all company-owned assets.
Current only a few days- IMO you won’t have to wait long for the T trades
Figured that out last week
Updating and going current to start dilution?
Any theories on why no acceptable bid in the first bidding process
Great post!
Great DD!
Or when they were conned out of major money
Outstanding!
Thank you for posting the phone number to verify
I'm having a hard time believing this - I wasn't able to get through. I left messages. What number did you call and get a response?
.01-.07 pps before news, in anticipation of the merger, IMO
Bids are building
Outstanding!
Went current yesterday.
PR on 8/9 stating merger news very soon.
IMO just getting started
Great DD!
Do you know the reason for the run?
We should be getting a PR on the results/on going drilling of the on shore/off shore wells
Insiders own a huge chunk of shares.
From PR:
I want to take this opportunity to thank everyone at Life Clips, Inc. who has worked on identifying and selecting the new acquisition candidate that will bring exponential growth and value. And thank our shareholders for your patience and continued support during this process. Your time is now.
Mr. Mayell (i) disposed of 6,000,000 shares of Company Common Stock through a bona-fide gift to his children on July 30, 2018 and (ii) received from the Company the right to acquire (A) 28,000,000 shares of Company Common Stock upon conversion of money owed to him under compensation obligations and (B) 6,625,000 shares of Company Common Stock upon conversion of debt. Mr. Mayell does not currently have any plans or proposals (other than those he may have from time to time in his role as an officer and director of the Issuer) that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (j) of Item 4 of Schedule 13D.
Mr. Mayell (i) disposed of 6,000,000 shares of Company Common Stock through a bona-fide gift to his children on July 30, 2018 and (ii) received from the Company the right to acquire (A) 28,000,000 shares of Company Common Stock upon conversion of money owed to him under compensation obligations and (B) 6,625,000 shares of Company Common Stock upon conversion of debt. Mr. Mayell does not currently have any plans or proposals (other than those he may have from time to time in his role as an officer and director of the Issuer) that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (j) of Item 4 of Schedule 13D.
TXSO/GSPE are listed amongst the big boys
4. GulfSlope: Canoe Shallow/Tau, VR-SA 378; SS-SA 336/351
We should be trading dollars.
Great DD!!!
On shore as well as off shore - $$$$$$
TXSO: "As such, we are very pleased to commence drilling at Canoe to be followed immediately by Tau as they are the initial targets in our exciting portfolio of prospects that we estimate to contain almost one billion barrels of gross unrisked recoverable resources. Underpinning our efforts is our strategic partnership with Delek and Texas South Energy and we look forward to working closely with them as we collectively pursue this exciting initiative.”
Heating up!
"As such, we are very pleased to commence drilling at Canoe to be followed immediately by Tau as they are the initial targets in our exciting portfolio of prospects that we estimate to contain almost one billion barrels of gross unrisked recoverable resources. Underpinning our efforts is our strategic partnership with Delek and Texas South Energy and we look forward to working closely with them as we collectively pursue this exciting initiative.”
TXSO - whale sighting- 20,147,000 shares bought within 25 minutes on Friday- totaling over $700,000
GSPE - same whale- same time- bought over a million dollars in shares
TXSO and GSPE started drilling the canoe project a few days ago in the Gulf of Mexico- oil or gas? Something discovered has someone buying
"As such, we are very pleased to commence drilling at Canoe to be followed immediately by Tau as they are the initial targets in our exciting portfolio of prospects that we estimate to contain almost one billion barrels of gross unrisked recoverable resources. Underpinning our efforts is our strategic partnership with Delek and Texas South Energy and we look forward to working closely with them as we collectively pursue this exciting initiative.”
TXSO - whale sighting- 20,147,000 shares bought within 25 minutes on Friday- totaling over $700,000
GSPE - same whale- same time- bought over a million dollars in shares
TXSO and GSPE started drilling the canoe project a few days ago in the Gulf of Mexico- oil or gas? Something discovered has someone buying
"As such, we are very pleased to commence drilling at Canoe to be followed immediately by Tau as they are the initial targets in our exciting portfolio of prospects that we estimate to contain almost one billion barrels of gross unrisked recoverable resources. Underpinning our efforts is our strategic partnership with Delek and Texas South Energy and we look forward to working closely with them as we collectively pursue this exciting initiative.”
TXSO - whale sighting- 20,147,000 shares bought within 25 minutes on Friday- totaling over $700,000
GSPE - same whale- same time- bought over a million dollars in shares
TXSO and GSPE started drilling the canoe project a few days ago in the Gulf of Mexico- oil or gas? Something discovered has someone buying
"As such, we are very pleased to commence drilling at Canoe to be followed immediately by Tau as they are the initial targets in our exciting portfolio of prospects that we estimate to contain almost one billion barrels of gross unrisked recoverable resources. Underpinning our efforts is our strategic partnership with Delek and Texas South Energy and we look forward to working closely with them as we collectively pursue this exciting initiative.”
TXSO - whale sighting- 20,147,000 shares bought within 25 minutes on Friday- totaling over $700,000
GSPE - same whale- same time- bought over a million dollars in shares
TXSO and GSPE started drilling the canoe project a few days ago in the Gulf of Mexico- oil or gas? Something discovered has someone buying
"As such, we are very pleased to commence drilling at Canoe to be followed immediately by Tau as they are the initial targets in our exciting portfolio of prospects that we estimate to contain almost one billion barrels of gross unrisked recoverable resources. Underpinning our efforts is our strategic partnership with Delek and Texas South Energy and we look forward to working closely with them as we collectively pursue this exciting initiative.”