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He wants you to panic and sell as low as possible to him
Great point. Chances of shares getting canceled are probably the same as pps going to 1,000
BioAmber’s top people have been working with the companies submitting bids - BioAmber,PWC, and companies bidding have been negotiating - so for you to say just the companies bidding and the judge are all that matters is very far from the truth.
Go to Edgar or OTC and look at financials filed for BioAmber. A form 4 was filed on April 3rd by Enos- he acquired 500,000 additional shares. Form 4 is only filed when insiders acquire or dispose of stock
He filed a Form 4 on April 3, he acquired 500,000 additional shares.
Misinformation to create doubt is not the way to go. Enos still owns all his shares.
If he would have sold, he would had to have filed - insider trading- so no he has not sold in the open market. IMO you are aware
On the contrary, not negative - very bullish- just trying to create panic and doubt to con people out of shares
Plus Enos owns quite a few shares- IMO commons will do well in this buyout
We will know soon - good to know Eno acquired shares in April
Plus Eno owns shares and he has been involved with the bid process
Think post is referring to SARAQ
There are multiple bidders now
Maybe shorts trying to cover are posting this weekend. Trying to cause misinformed panic and doubt
The bids submitted to the judge IMO will be agreeable to both companies since BioAmber management was involved with the bid submissions
PWC states that BioAmber management is involved with bid process- so IMO bid submissions will be agreeable to both companies
They are getting bought out Tuesday and they are not “severely” delinquent - stop sign went up just a few weeks ago.
One of the PWC reports states that BioAmber management was involved with bid submissions
IMO the companies bidding are aware of this.
Who knows. I’d put in my bid at .08.
Outstanding pps!
One of the first monitors reports stated that BioAmber was approached by several SIGNIFICANT companies for their plant before they even filed BK. Also this was in the 3rd monitors report:
Qualified bidders are LARGE and SOPHISTICATED strategic buyers that require a lot of technical, operational and financial information before they submit their final LOI as the case may be.
This isn’t a yard sale. LARGE companies want BIOA!
I don't think this approach is going to work. You will be chasing.
Where did you find the valuation by the judge? Great post reminding everyone that the CEO owns 1,000,000 shares.
Bids are being or about to be opened any second. Good times ahead.
You wont have to wait long.
Also on the bottom of the SISP Time line page:
12. "several meetings are booked with potential buyers and the Company's management in order to expedite the process and MAKE SURE that potential buyers have all information needed in order to submit a binding offer"
Company's management owns tons of commons, IMO Company's management wants top $$$ for commons, and potential buyers are aware.
Someone also posted that we have a shareholder friendly judge.
Slap the ask
Agreed, but doubtful judge would let commons get wiped out - only disagreement I have with your statement. This sale or partnership is being handled through court/monitor/CCAA restructuring.
by the court/monitor. CCAA restructuring
Still being sold through court/monitor.
It is in their last annual 10K filed on 3/18:
Holders of shares of common stock shall be entitled to receive all of the remaining assets of the Company"
Multiple competitive bids have been received. IMO billion dollars companies are bidding for BIOA. Shareholders are entitled to receive ALL of the remaining assets of the Company after debt is paid.
Listed on Page 92 of filings:
Posted by 225VSO
Post # 16165
https://backend.otcmarkets.com/otcapi/company/sec-filings/12658021/content/pdf
Liquidation, dissolution and winding up rights In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of shares of common stock shall be entitled to receive all of the remaining assets of the Company available for distribution to its shareholders, ratably in proportion to the number of shares held by them
They have several days to file and then we know several weeks after.
Even if they didn't get the company, they would make a great profit.
Wow! Excellent point.
Re: screen shot post# 17004 0
Post # of 21519
"Holders of shares of common stock shall be entitled to receive all of the remaining assets of the Company"
Multiple competitive bids have been received. IMO billion dollars companies are bidding for BIOA. Shareholders are entitled to receive ALL of the remaining assets of the Company after debt is paid.
Listed on Page 92 of filings:
Posted by 225VSO
Post # 16165
https://backend.otcmarkets.com/otcapi/company/sec-filings/12658021/content/pdf
Liquidation, dissolution and winding up rights In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of shares of common stock shall be entitled to receive all of the remaining assets of the Company available for distribution to its shareholders, ratably in proportion to the number of shares held by them