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I could go away for a week, month or a year and this will still be subpenny. Wanted to check back in and see if there was a new boogeyman responsible for keeping poor DBMM in the dumps or if it was the same old lies about huge naked short positions lol
The fact that you claim one of your reasons to be here is a Fake Fairytale Naked Short position shows exactly what type of person/trader you are. Then to compare this to Apple LMMFAO!!!
Pumper Alert!!
See and that’s how I feel about what I have read and still read from anyone who thinks they could get paid for their worthless shares, that there is a chance of a NEWCO, that there is an open short position or that there are paid bashers here.
I just can’t believe people still think they will get paid for their worthless shares of FKA BioAmber.
That would be great for LCYB but mean nothing for former BioAmber shareholders holding worthless shares.
KAHC ended back in December of 2022. It’s stated right in the SEC filings. It stopped trading on 12/14/2022 and the final redemption of shares was on 12/23/2022. Learn how to read the filings if you want accurate information
https://fintel.io/doc/sec-kkr-acquisition-holdings-i-corp-1843212-8k-2022-december-16-19342-6850
5 years for what? What’s so special about 5 years? FKA BioAmber closed its doors in 2018 when the BOD resigned and it was liquidated.
FKA BioAmber was liquidated and shut its doors back in 2018. It was liquidated for less than 5% of its liabilities leaving all of its creditors impaired.
Not sure how it works in fantasy land but here in reality If there was an open short when the trading stopped that person or persons lucked out as all they needed to do was show the stock was worthless to get paid. No shares needed to be returned it was a 100% win.
So come this November and every November thereafter when nothing changes and there is no Newco, new shares, back royalties, new money or any of that other nonsense happens and all you have are the same old worthless FKA BioAmber shares that you already have what will your excuse be then?
You should start coming up with new excuses now so you have a fresh bucket to pull from.
Well the Monitors reports and court docs both show that BioAmber was liquidated of all assets as they were sold to LCYB.
It’s shown in the APA spread across about 100 pages and then also stated here in the final FKA BioAmber 8k.
On October 22, 2018, the Company completed the sale of certain of its assets to LCY Biotechnology Inc. (previously 9384-3076 Québec Inc.). These assets comprised all of the Company’s assets, save and except for the cash, accounts receivable and inventory of the Company, and also excluded certain U.S. based office equipment. The purchaser did not seek the assignment of the Company’s contracts, which meant that certain intellectual property under license from third parties was also not transferred to the purchaser.
Yeah LCYB paid $4.34 mil upfront upon closing with 10% of the original bid paid with their LOI.
GFive lost out as they would not raise their upfront money to surpass the LCYB and lost out.
There is no way to deny the fact that LCYB bought ALL the assets except for the cash, AR, inventory and some us based office equipment. They also didn’t want the contracts so some third party owned IP was not transferred as well.
With all of the creditors impaired, FKA BioAmber out of business with all assets sold to LCYB and no way to repay the debt that would constitute bankruptcy fraud.
So not such a good plan to hang your hat on as a way to get paid for your worthless shares.
That’s just as bad as Majority Holding Strong
Man you really seem triggered by the fact that someone is telling you the truth about losing your investment in FKA BioAmber. Wouldn’t it be better to figure out how and why you lost your money instead being mad at the person telling you that you lost it?
You could literally learn a lesson for the next Q stock you take a stab at and possibly make money instead of losing it.
You’re right nobody can change that not now and not ever which includes you and the rest of the former shareholders of FKA BioAmber. One day you will realize that you have been wrong the entire time until then
Majority Strong!!
What didn’t BioAmber control? The facts show that Mitsui sold its equity stake in the Sarina Plant for $1CAN
You are correct and the Facts and History show quite clearly that Mitsui sold its stake to BioAmber for $1CAN back in 2017
Seriously how am I bashing FKA BioAmber by pointing out and stating the facts on record? IE likes to point out that it say’s BioAmber owns minimal assets in the US lol. Well that’s fine as all the assets they owned in Canada were sold to LCYB which included all of the assets just like in the article I posted earlier. In his own page it states that the BioAmber US assets were minimal compared to the assets overall.
Minimal assets in the us but what about all the assets in Canada owned by BioAmber? You know the ones sold to LCYB
“In July 2019, Quebec Superior Court Justice Michel Pinsonnault signed off on the distribution of Canadian assets belonging to an insolvent U.S.-based company called BioAmber Inc.
The assets included the patents, processing equipment and real estate of a groundbreaking, industrial plant that opened in Sarnia in 2015. The business was designed to lead the way from petrochemicals toward a new, renewable chemicals industry based partly on raw materials from agriculture.”
http://agri007.blogspot.com/2021/06/patents-now-owned-by-kkr.html?m=1
Yeah but it’s posters like you and the good things coming crew that make the name LieHub ring true :)
Is sitting in your account not able to be, sold, traded or exchanged for shares of another company ever with a zero balance that can never change what you consider to be still active?
LMFAO you gotta stop drinking the bong water.
Generational wealth from dead shares attached to a liquidated assetless debt ridden shell.
Just when I thought I have seen it all
Boy it sure sums it up nicely in the APA. “The total purchase price is to be paid in full at closing”
42.2 The total purchase price is to be paid in full at closing. A cash deposit of 10% of the original bid value has been provided
Might want to take a look at what HB posted
https://otce.finra.org/otce/equityShortInterest
https://www.sec.gov/data/foiadocsfailsdatahtm
Type in DBMM and go back as far as you want. Type in May 2010 as a start. There are Zero short interest before 2019. Hard to keep up that NSS narrative when FINRA shows no short interest
How about the fact that the SEC shows Zero FTDs back at the end of 2017, 2018, 2019, 2020,2021? So the actual data shows no NSS
I suggest you google liquidation of an insolvent company that left all of its creditors impaired
What’s not “normal” is stating you or anyone else has any chance at all of monetary gain here. The not normal part is all of you still lying daily stating “majority strong” or good things coming.
Nobody posting here or stuck with FKA BioAmber shares has any chance of monetary gain yet you still say good things are coming or you could get shares in a NEWCO for them which is a 100% lie with no chance of ever coming true.
That is a known fact!!
Each and every time you or anyone else posts “majority holding strong” or good things coming is lying. You’re not holding anything you’re stuck with them.
The FKA BioAmber shares will never trade or have a value again other than worthless
So what did McCoy lie about? Let’s see some proof
The FKA BioAmber are 100% dead forever and that’s a FACT!.
The worthless shares are attached to a company that went out of business in 2018, an asset less and a debt ridden ($100 mil of bad debt) shell. FACT!
That means there is ZERO chance of monetary recovery of any kind and they can never be swapped for shares of a NEWCO. FACT!
This is basic stuff.
Say what you will but those are the facts and they will never change. FACT!
How many times does it have to be said? The outcome of the liquidation rendered the shares worthless and the BOD was long gone at that point. The BOD resigned at the end of August of 2018 so there was nobody left to cancel them. It’s not the monitor or courts job.
Back to 5/29
Smattchew 16
Toncat 16 including this post.
Not that it matters but we are all here wasting time as nobody is getting paid lol
It’s definitely you. How many posts have you had over the last week?
“majority holding strong”?!?
Seriously how can you consider yourself a functioning adult and make a comment like that?
There is no company attached to those shares. You say we have a mental health issue and then make a comment like that boy you better look in the mirror. You could own all of the worthless shares and it wouldn’t make a difference
Of course he does. Just like the rest of you as there is no way to ever buy, sell or trade them ever again
Smattbot responds again lol.
You spend and waste more time than I do lol.
Takes no time at all to respond a couple times to the flat out Lies that good things have any chance of coming.
Agreed an opinion could have been stated at any point before the judge approved the liquidation. Once the liquidation was approved for a fraction of the liabilities with Zero chance of repayment the outcome was set in stone
I gave you a truthful answer as always it’s not my fault if the truth isn’t what you’re looking for
I agree but you can’t say there are multiple POVs as far as FKA BioAmber is concerned because there is only the reality. That reality as in the court docs proves FKA BioAmber shareholders lost their investment
The suns color is an example of POV FKA BioAmber is not lol.
If you were to go out in space and look at the sun it would be white but on earth depending on your POV it can appear as many different colors like my example from when I was on Maui.
That is an actual example of POV.
There is no POV for FKA BioAmber. There is only the reality as stated in the court docs. The court docs prove FKA BioAmber is a nameless, debt ridden (to the tune of about $100 mil), asset less, dead shell with Zero chance of ever returning, being bought out, having its dead shares traded for shares in a NEWCO or its shareholders ever receive any form of monetary payment for their worthless shares. The outcome was known since Sept 2018 when the liquidation was approved.
Anyone who states there is even a remote chance of good things coming to FKA BioAmber shareholders is lying and that’s a FACT.
I guess you have to read it to find out. I answered the question and provided an example. Just like in the case of FKA BioAmbers liquidation and closure for good leaving shareholders with Zero chance of recovery it’s not my fault you don’t understand the answer/outcome.
Well chuckles it depends on your POV. It can change due to the time of day, season, viewing angle and so forth but in reality it’s actually white.
When I was in Maui on top of Mt Haleakala watching the sunrise it had shades of blue, purple, red, orange and yellow it was quite breathtaking to be honest but again that is an example of depending on your POV.
As far as FKA BioAmber there is only one POV that it was liquidated and is nothing more than a nameless, asset less debt ridden shell with ZERO chance of good things coming or its former shareholders ever getting any type of monetary recovery.
That’s not possible. There is no POV as far as the liquidation of Formerly Known As BioAmber. It was liquidated to LCYB in 2018 for a fraction of its debt load. The company was shut down when its BOD all resigned leaving PWC to carry out the liquidation.
There is no other way to view it.
The sky can be different colors depending where you are standing I agree. A dead liquidated insolvent PUBCO (BioAmber) who left all of its creditors impaired is dead and never coming back that’s the only POV there is
It seems to me that you have already given up and checked out as the only things you post are more holding your breath and stomping your feet in nature instead of refuting the facts presented.
That’s what I expected. I figured I would get some sort of childish remark instead of a legitimate answer.
It’s very simple.
If it is psychotic to tell you the truth which is backed by facts straight from the court docs then isn’t it also psychotic to state there is even a slight chance of good things coming when in fact it is a 100% certainty that will never happen?