Jan 10 2019 ...BTC $4000
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.
My next easy moneymaker short
Thanks NIKE
Im fairly confident we find out the final court ruling either after hours today or premarket tomorrow
Got your tickets?
Im loaded up....lol
win or lose this has been an entertaining Discussion board
Have a Great Long Weekend all
Tuesday could be interesting
Win or lose....Im in!!!
Why?
They Own the Company....and own the share structure
They would have to file an 8K to list the securities for sale but that is far far too common in OTC
Its a New Company now....not BioAmber
The offer was enough to pay off the debt in full with Cash but theres no way the offer was only $60 Million or less
I like an earlier posters estimate of $173 Million
That clears the debt and pays shareholders $.80/share
Well even if the winning Bidder hasnt bought up shares in the open market there are still 121 Million shares available in the Authorized Shares available before maxing out the A/S
That could be easy money with a share offering at only $.50
Its OTC Pink
I dont think ANYTHING is Illegal.....lol
If youve been watching the trading activity on just this ticker alone youd have seen MANY SEC violations
Pink CEO's have and ways WILL get away with murder in StinkyPinkyLand
Everything ALL WEEKEND will be speculation
I hope your holding shares....I am...and was prepared to eat the loss for the possibility of HUGE profits
Nothing is final until it is approved by the judge which Im assuming was Today
They "could" have been buyng up shares for the past 2 months assuming that they considered THEIR BID to be the winner
If they were smart...and Im sure they were....they put together an offer in the best interest of the JUDGE....of course lucrative for them as well
It looks to me like the Authorized Shares is 250 Million
For conversation sake lets say the new owners have been buying up shares cheap on the open market
No clue as to how many they could hold BUT
there are only 129 Million shares Outstanding
By taking over the ticker they could dilute 121 Million shares before maxing out the A/S
If the buyout price is over say $.50/share the new Owners could do an offering for a MaX of 121 Million shares @ THEIR price before maxxing out the A/S
That would possibly give the New Company $60 Million cash for startup costs @ $.50/share
Lots of ifs and buts on the board tonight....this is mine
JMO
If it sold for 173 Million
Debt would be paid $69 Million
Share Buyout Price would be $.8062
I dont see listed BIOA Authorized Shares
Its not listed on their most recent Q or K
This could be a very attractive Ticker to move into without an IPO and the possibility of Mild Dilution for startup costs leaving the share structure as is
They simply file for a Name and symbol change
JMO
________________________________________________________________
Who's going to pay them? The monitor has an obligation to the court to cut unnecessary expenses.
________________________________________________________________
Kind of a silly question if you think about it
The New Ownership would be responsible for paying THEIR BoD once the Buyout is complete
If this is Truly a Buyout the stock will be HALTED before open Tuesday so as not to allow insiders to purchase shares
Why would the Board of Directors be forced to Resign if this were merely a liquidation?
Liking this PR
The New Owners have their OWN Board of Directors
I dont often play "Q" stocks but hold some shares in this one
Im liking what I hear from Quebec
My value went down 55% today though....lol
BUT I DIDNT SELL
One variable a lot of posters here are not considering
This Bankruptcy hearing is in a Canadian courtroom with a Canadian Judge
Most if not ALL Canadian Judges have shareholder interests in their final decisions
I doubt shareholders will get $1/share ...thats $129 Million
but I could see perhaps $.40
JMO
LOL
Now shareholders are reporting a BANKRUPT ticker to FINRA
Good Luck with that
I seriously doubt the share price maintains over a Penny by EOD
My prediction of .018 close earlier was waaaaaaay off
.018 Close
Stick a Fork in it...its done
Great day here
About to go RED
So youve Filed a 13G then as a greater than 5% shareolder?
Huggo Wednesday, 08/29/18 01:34:01 PM
Re: Penny Traders Club post# 33035
Post #
33067
of 33072
I added 11M for myself for good measure but yeah your right it's 129M.
All MM games now.....3000 share buy...600 share sell
If there is positive news this may hit a Dime
$2.00 ....lol
$70 Million in Debt and 130 million O/S
Someones gonna pay $320 Million?
That was short lived
Red Close?
I think the MM's know something
They seem to be fighting for cheap shares
NITE seems to have backed off a bit
This could get interesting
Pretty decent Volume for a "Q"
I smell Victory on this one
Would be nice if NITE went away....lol
They have an 11 Billion O/S and they are STILL diluting?
Why dont any of these corksmokers ever end up in Leavenworth?
8 months ago I think
PTOP about 18 months ago
.0003 - .014 ...then to .065....back to .0009.....lol
Gotta love the OTC
Im holding a nice stack but if things are still bouncing around under .10 by Mid Nov I'll be done
They will have had enough time to dilute the A/S and will most likely be prepping for a R/S to meet NASDAQ listing requirements
Will be a helluva mess.....I'll be short if they R/S again
This is the kind of stock that made Warren Buffett BIG MONEY
People get bored and sell.....He Buys
Company dilutes...............He Buys
Patiently waiting to transfer the wealth from the impatient to the patient
Then....BANG......a Buyout or Merger
The Algos are set .029 - .035
Unless theres massive buying or selling pressure....it will just bounce in this channel
The person eating up all the cheap 3's is playing the game and getting 10's of Millions @ .03....Mark Cuban?
back under .03 for a couple hours
Close @ .0314 .....MM's will give us 5%.....lol
MM's control this period
They could take it to .10 or drop it to .01 in 20 mins if they wanted to
Just a few more ticks it can close RED again
Mark Cuban
Added some @ .0301
Wont be long now since Ive bought in that this will be in Trips...lol
CT charted this after hours yesterday
Id expect his minions to drop this a bit early in the trading session but the PR Yesterday is very strong and Im betting (with buys) that this will finish very green again today
GLTA