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.
SEC Filing Out. 8k filed
I'll send you a postcard from above .02 next week.
;)
I'm in. Let's make some profits
Last time Johnnylaw posted/bashed on a board i made 450% on a long position. Sold and made more on a dip.
I continue to follow him onto other boards he bashes for this reason. If the same thing happens here he will have a new follower.
Small position here
BioAmber Provides Update on Sales Process
MONTREAL, July 30, 2018 /CNW Telbec/ - BioAmber Inc. (OTCPK: BIOAQ) announces that the current stage of the Sales and Investor Solicitation Process (SISP) has concluded without an acceptable offer having been received from a Qualified Bidder as of the due date of July 27, 2018. The company will now seek to obtain court approval to pursue liquidation as well as alternative offers in order to realize the greatest value on behalf of its creditors.
Moving forward, subject to the approval of the court and with support from its monitor or receiver appointed by the court, the company intends to:
• solicit liquidators to bid on the acquisition and disposal of the company's assets, including the Sarnia plant;
• continue to actively engage with Qualified Bidders and other interested parties to determine if, and under what terms, a transaction that would result in the continuation of the company's operations is still possible.
We estimate this process will be conducted over an approximate two-week period with a target conclusion date of August 14. The company will engage with Maynbridge Capital, its interim lender, and all other secured lenders to determine the best going-forward strategy.
"We are clearly disappointed that the Qualified Bidders did not place an acceptable offer for Bioamber," stated Richard Eno, CEO. "We will continue to be actively engaged with potential investors to seek an acceptable transaction and avoid the liquidation of the company's assets. Most importantly, I'd like to thank our dedicated and highly capable employees for their outstanding service to the company."
Potential investors can contact Richard Eno in order to express interest in acquiring the assets or investing in the business.
Note that there can be no guarantee that the company will be successful in securing further financing or achieving its restructuring objectives. Failure by the company to achieve its financing and restructuring goals will likely result in the company and its subsidiaries being liquidated. Liquidation will almost certainly result in no residual value for non-secured creditors and equity investors.
Yes there is. Just got an email update. Go check
Liquidation
News Release!
Consult the CCAA website regarding whether or not `CCAA` proceedings are equivalent to bankruptcy.
I already `do well` irrespective of whether or not i tolerate your opinion.
I`ve been at this for 20+ years, and if you want to up your game and learn, you need to go out and do your homework, not risk your hard earned money on the `opinion`of some faceless stranger on an internet investing forum.
No one knows whether or not the commons will be included in the deal or not, and there is a very mild framework in determining the % chance. The deals on the table at this point in time will stipulate what is best for those companies and what the judge deems reasonable.
That`s it.
You do not seem to have been burdened by an abundance of education
.078-.079 my guess
Commons often are `cancelled`for lack of a better term, because companies going through CCAA proceedings are almost equally as often insolvent
They are not `cancelled`so much as there is just not any money left from an insolvent company to pay to shareholders after credit and debtholders
One is worth twice as much as the other. Get it..
You`ve been here for well over a month and still have no concept of what this company is about or anything to do with the proceedings
.25-.35
Just got an email notification from Bioamber. Thought crossed my mind that it could have been news, but it was just reminding me that i was up another 12% today.
News some time next week
I would have never imagined making as much $ as i have so far on this stock. Grateful that i found it a couple months ago.
Another great day!
GLTA. Have a good weekend!!
If a double top was where it stopped, there'd be no such thing as a triple top. :)
Chart wants a big move soon
One party, and i wont say who, is about to get f'd hard
You bet your a$$ we will
Opened a position here. Looks ready for a leg up
I mean you can say that about any buyout candidate. But Bioamber is in a vulnerable position and can't really play defense with a poison pill or the like.
Repeat of yesterday it seems. Last few Fridays have been kind.
Ready for a blast back up above .07
Yes, everyone knows what the commons are entitled to. And everyone is aware of the info you have presented. Now go check net assets and you'll see whats left for shareholders...
Because someone just bought 20k
There's a million other articles that mention CCAA as well.
Poor attempt at soft bashing. At least you did some research this time. Good on you
Net assets were the only reason i was interested in this restructuring from the beginning and the primary reason i remain
This is a very unique case, the vast majority of companies in this situation are insolvent and unable to pay their credit/debt holders and ultimately get liquidated with "0" strategic and "0" financial buyers. The reason why many have argued about the shareholders getting nothing in these proceedings is because the only examples available are companies with nothing but debt.
Nope, i never said that.
Your question, "when was the last time you witnessed MM's losing?" suggests that you think MM's always "win."
Since you're also insinuating that there is a traceable aspect to whether or nor MM's win or lose, please show me how much money they're up on BIOAQ in the past 2 months.
I'll wait...
You wouldn't know either way. Baseless question
If there is a buyout of the equity there will be no more ticker, unless its a public company, and it will trade under that ticker.
Placing final 2 orders above .068 and then .07.
Let's get this baby moving
This is also past of the reason they have the KERP in place and part of the bid proposals.
SO that the bidders must keep certain employees around so as to not immediately break up the company
Last time we had a shakeout like this there was news to follow soon after.
Hoping it's that case once again.
GLTA
We see .07 on the bid again and we wont be back in the .06's again today.
Let's move this puppy
Extremely likely (90%+) tomorrow will be .10 if we close above .08 today. If not, i've learned nothing about trading in 20 years
Damn right!!
Still stand by this...
Looking for a test of .07 before noon. Will probably start out slow, we'll see.
GLTA lets have a good Thursday