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.
New 3 month HIGH!!
Yeah eh?
What's so special about the company's valuation @ 10 cents ??
Please elaborate
Agree.
Personally hoping that the initial gap up stays that way, and we're not dealing with a gap close to the downside before moving up again.
I agree, and am pretty confident given recent price action that we will see .15 before next Friday.
Next week it will be tough for people to take their eyes of this ticker
Great day!
Thoroughly enjoyed that.
Good weekend to all
LMAO. It`s actually hilarious. Like a never ending pile
Resistance expected in this range.
Normal to bounce around here for a bit.
Back above .075 again and wont be back.
New 2 month high!!!!!
You lucky dog
The infinite amount of shares at .064 have dried up
My word!
Ticking time bomb ...
Lets move this thing!!
I'm ready
I sure hope so.
That gap @ ~.20 looking real nice
GL
Nice buy!
Looking for a break of .065 first
Agree.
Funny thing is, on this board, we had a lot of back-and-forth about whether or not they would reveal the names of the bidders and the consensus was that there was no possible way, maybe only the # of bidders (strategic,financial).
And we get a stroke of luck and get both
You post quite a bit for someone with 10,000 shares.
Bid/Ask Dropped again
Seemed odd to me as well.
Now, they show up for me only as "Qualified Bidder 1" "Qualified Bidder 2" in the Appendices. Names are gone
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-018_071918.pdf
So, uh, has anyone else noticed that the 2 bidders are no longer listed in the Appendix of the Third Report of The Monitor?
I`m not sure what to make of it. Did the PWC or Court show their hand by accident?
What do you guys think?
Ask dropped to .585 SMH
I found Greenfield revenue to be closer to 800MM.
Greenfield Specialty Alcohols Inc is the company`s previous name and referenced in this article is 800mm rev from Ethanol:
https://www.theglobeandmail.com/report-on-business/careers/careers-leadership/ethanol-producer-chairman-ken-field-dreams-of-corn-based-fuel/article15690411/
I added a few minutes ago. Looking to see over .06 again soon
LOL.
People take time out of their day to answer his questions and he ignores or forgets and just asks again and again.
Last few pages under the Appendix, says the names of the bidders in the middle of the page
If anyone was curious, this excerpt was taken from a document explaining BANKRUPTCY PROCEEDINGS:
https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html
This is 100% correct. No 2 ways about it.
Penman has had this answered for him at least 20 times but keeps posting the same speculative garbage about insider trading and Bioamber trying to pump the price. Which is absolutely absurd
uh, Don’t know whether there’s a “conspiracy” or not but “something” is not right! I suspect hidden shares being dumped from ”somewhere”?
You asked the above. And your consensus was dumping.
Now your answer is day traders with deep pockets.
Calling things that can be easily explained or rationalized `conspiracies` is worrying.
And i have no idea what you mean by hidden shares lol. Someone keeping shares behind their back
Yea, but if it was dumping, said dumper would be wise to wait for a further price increase and higher support. If someone wanted to dump, all they have is time between now and the 31st. My opinion, don`t think it`s a dumper.
But i agree, OTC is a sketchy place. I don`t think we`ll have an answer to your question
I agree more or less.
More of the float locked up than before. I think a 25-30 mil volume day would suffice for a 60+ % day.
Instead of looking only at volume you need to also look at the $ valume that changes hands.
That 84 mil share run at .005 is only 8 mil shares around this price. 4 mil today is the same value or more than 40 mil a month ago.
The money flow is the exact same or more than it was before
Exactly!
Probably not. As posted below:
Likely because they haven't received full LOI's from all bidders yet, but listed the two they have recieved.
It states in the document under "Conclusions and Recommendations" the scale of some of the companies involved who require a lot of technical, operational, and financial information before they submit their final LOI.
Non-Binding LOI's being recieved and Qualified bidders being noticed is still listed as ongoing
Likely because they haven't received full LOI's from all bidders yet, but listed the two they have recieved.
It states in the document under "Conclusions and Recommendations" the scale of some of the companies involved who require a lot of technical, operational, and financial information before they submit their final LOI.
Non-Binding LOI's being recieved and Qualified bidders being noticed is still listed as ongoing
That's the truth. My thoughts exactly.
This news/information clears much of the air, and the SP should take the next step up and form a new base.
Found a good reference on acquiring distressed companies in Canada. Recommend skimming through it if you need answers to any questions which haven't been answered. A lot of what i've read is in our favor with respect to this deal. They also break down the differences between a Financial and Strategic buyer in the first few paragraphs. Here's an excerpt:
Outside of a formal restructuring, prospective investors and purchasers
are often reluctant to invest funds in distressed businesses only in exchange for new equity. This is the case because the new equity will be in a first-loss position and it is rare that the equity investment alone will fix all of the problems
faced by the business. Usually, a restructuring of the operations and the balance sheet are also required.
Accordingly, investors and prospective purchasers will typically use the
offer to invest new equity into the business as leverage to negotiate concessions from creditors and other stakeholders that are necessary to implement a successful restructuring of the business. The restructuring can be completed inside or outside a formal insolvency proceeding.
As part of its equity injection, an equity sponsor will obtain an ownership position in the business and can effect changes to the board of directors and management of the target. Ultimately, an equity sponsor can drive the reorganization process and can influence the strategic direction of the business.
A prospective investor should be aware that the directors of the corporation have certain duties under the applicable corporate statutes to ensure that the value for which new equity is issued is appropriate. In some circumstances, a valuation of the business may be required. In addition, if there is an existing
shareholders’ agreement, the company will need to comply with that shareholders’ agreement in structuring the new equity investment. A new shareholders’ agreement including the new investor may be required. Obviously, the corporation issuing the new securities will also need to comply with all applicable securities laws in connection with the issuance of any new equity.
https://mcmillan.ca/Files/LegalStrategiesAcquiringDistressedBus_Can_0807.pdf
That's my guess
That's it. I need to leave this board for a while.
I'm forgetting how to speak english after reading your posts. LOL
All of those companies have sold except for Intracoastal and Sabby.
Morningstar is not updated. Please use the link i referenced in my last post.
Thanks
I have no idea what you just said except for the part about Inst. Holdings. Here are the holdings before they changed to BIOA"Q":
https://fintel.io/so/us/bioa
Which shows 15mil Inst. Shares.
Where do you see 35 million??