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US courts** ( the ccaa cannot approve the vesting order for the us) so the money will go to bioamber until US courts recognize the transaction which there’s no doubt they will after the ccaa does
I did. And then item 25 explains 24 as to why they will eventually get that money too once is courts approve the ccaa decision.
I’m not saying your wrong just asking how can you confirm the us asset sale cannot be used to pay Canadian debts secured or unsecured? My understanding is once the us courts approve the vesting order then the proceeds can and will be used to pay off debts
Are you sure about that.
Doesn’t the next point address that once the us court approves the sale BioAmber Inc. would still owe proceeds of the sale first to any creditors claims?
Even if the shares are worthless I do really hope the green product can succeed
But then house, cars, and and TVs happen to be collectors items (intangible values) and now someone else wants to buy them at fair market value (as stated by pwc) So your smarter friend buys the lot of toys from you (shares) for a much much lower price as a risk/reward investment and it turns out those intangible values turned out to be more than enough to pay the loan shark and your smarter friend now is the owner of the shares! Great example homebrew!
It does look that way but then we have to ask why was it a struggle for that amount to cover comerica after a relatively small dip loan was paid off? And it sounds like they give the answer in section C numbers 24 and 25.
I couldn’t eyeball it but that’s what I would have guessed. It also is pretty obvious the deposit is much shorter as expected
I’m not sure they will even disclose the numbers upon approval in Canadian court because a large portion of the vesting order that currently belongs to US Assets BioAmber Inc. (trade secrets, patents, etc) must be approved by an American judge. I’m wondering if this is the reason for the extension and also why comerica was adamant about getting there money first. Thoughts?
It’s appears so to me but I didn’t measure them
You may want to read that more carefully yourself and proceed to page 4 my friend
That doesn’t make sense
Yes I like this too
A portion of the sale of assets is allocated directly to BioAmber Inc.!
Yep thanks for those
This is easy money lol
If they are gonna give them I’ll take some
That’s fine cheaper shares
Glad they aren’t gapping this thing up
Indeed it was. Absolutely insane.
Volkswagen
Truth
I think it is pretty obvious that it is. This stock loves to run between 130-3p
It looks so much like people are trying to load shares here. Not selling folks
It doesn’t even need pumping at all. The dd speaks for itself. People are holding this finally
Yep I’ve had mine since june
Yeah I’m back up again but can’t go without shares for this
It looks more like people are actually just holding onto their shares for once
It’s not mms it’s from all the chaos this stock has consumed the last 3 months
1 mill bid wow
I’ve been here since June. Not sure if the stakes have been any higher at any point before now
Next round of loading happening
Putting a $100 on the horn here
Thanks. Makes sense.
Ok so your saying maybe the creditors would be ok with putting trust in the new company to pay them back at a later point?
If they have to renegotiate with the creditors that’s bad news for us because the creditors will only get paid for what they are owed nothing more and if they have to renegotiate it has to be because the bid is short of what is owed
The commons would be compensated only if all the creditors and outstanding debts are paid first. My question is how can they subscribe to the shares and still pay the creditors without canceling the common shares and using the total amount spent to pay the creditors off.
Don’t we all lol
Not sure. But it doesn’t make sense that the creditors would get paid after the commons get a price increase