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Always follow the $$Money
I rest my case
Too much money above .06. Let the stock and its sentiment do their thing
Another small buy 400k-ish
A week ago the magic number was .05. Good to see that the magic number keeps rising :)
Thats a FLAG on the 15min if ive ever seen one. My word, lets break .63
Small buy for 500K+
Check the previous SEC filings for the Board Members
Indeed!
Was having similar thoughts but this has been happening before the official bidding process. Plus this is the inherent nature of Q (OTC) stocks.
I think were almost done playing Ring Around the Rosey. Lets see some green
Like most other days, once it goes green it likely wont go back. GL
Also as someone noted earlier today. The board of directors page has been removed from their website.
This could be indicative of managements desire to have a total buyout (i.e. they would no longer be part of the operation).
This was my understanding as well.
Agree with 'dragon52' that the buyer going "ALL IN..." is the most likely scenario, even if other financing options were desired.
Thanks for the follow up.
Chemtura was in bankruptcy proceedings in '09 and bought in '17 as was noted in which shareholders were given cash
Bioamber bids/possible buyout if far more near term (months as oppose to 8 years)
My point is, most people here talking about a buyout but also talking about BIOA as an investment in the future. There will no longer be BIOA after a buyout just like there is no longer Chemtura stock.
I understand that outrageous buyouts and run-ups in anticipation of buyouts happen all the time. Savy entrepreneurs/invetors love to buy distressed companies with potential on the cheap
Can anyone provide an example where a public company was bought-out and instead of shareholders receiving shares of the acquiring company or cash-in-lieu payments, their existing shares continued to trade under the same ticker?
Seems to me that unless only assets are bought or liquidation occurs (not implying that it will) there will no longer be BIOA"Q" but instead equity in a new company or cash for the shares.
I've never seen it done any other way. Unless these bids are meant to be cash injections as part of the restructuring plan along with replacing management etc....
I'll tell you the answer to number 1 off the bat:
1) "0% chance" The only instance where common shareholders receive nothing is when the company being acquired is insolvent (assets less than liabilities). That is the ONLY scenario.
I'll leave the calculations for the other 2 to others
Bioamber delisted from the TSX. Trades solely as BIOAQ
Appreciate this. Thx
In a buyout situation where there there is a assigned value to share holder equity in the proposal then you are correct.
Share price will reflect directly.
Could be. It certainly looks better than the previous message.
Yes, looking forward to seeing it play out.
Thanks for posting this, very perceptive. That is very interesting
$23 million*
Which is still a lot
I was initially torn between which we are seeing here but now i am leaning toward sealed tender bid (which i prefer) having read this:
TENDER SALE
Unlike the open auction process, the tender sale process is closed. The receiver defines the terms of the bidding process, in particular the manner in which bids are to be submitted and the date and time when they are to be received. In a tender sale, secrecy of the bids is essential. Bids are submitted without the knowledge of the other bids.
The receiver is not obligated to sell an asset to the highest bidder in a tender sale process. In Re Shape Foods Inc. (Receiver of) (2009), 54 C.B.R. (5th) 224 (Man. Q.B.), the receiver-manager advertised the
sale of the assets of the debtor by way of tender. Tenders closed with the highest bid being $750,000. The receiver-manager did not sell the assets to the highest bidder. Instead, it distributed a sales and information package to potential purchasers, received proposals from the potential purchasers and ultimately sold the assets for $4.5 million.
https://www.tdslaw.com/site-content/uploads/obtaining_maximum_benefit_for_the_assets_of_an_insolvent_business.pdf
"Section 36(1) of the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36 (the “CCAA”) permits a debtor to sell its assets outside the ordinary course of business so long as it obtains permission from the court. The court may authorize such a sale without regard to whether shareholder approval was required or obtained. Under s. 36(2), a debtor that applies for court authorization of an asset sale must give notice to secured creditors who are likely to be affected by the proposed sale.
The sales process is typically provided for in a sales process order (the “SPO”) issued by the court. Before bringing a motion to the court for the approval of the sales process, the debtor works in consultation with the Monitor to determine the appropriate steps to be taken to maximize value and ensure that a fair and effective sales process is undertaken. A CCAA asset sale is usually accomplished through one of two methods: a sealed tender bidding process or a stalking horse bidding process. Both methods have the effect of selling the debtor’s assets free and clear of any claims against the debtor and the purchaser, but the steps taken to reach this result vary significantly from one process to the other."
https://www.lexisnexis.com/ca/guidance/mergersandacquisitions/document/415544/5GNG-BXN1-F003-H2DG-00000-00/CCAA_Proceedings__Sale_of_Assets____Overview
You never sold a share yet but you post:
"get real. take profit. stop daydreaming. people never learn to take profit."
You do not seem to have been burdened by an abundance of education
Some companies have a financial interest in keeping Bioamber's doors open. Please read up on this.
Myself and others would have sold @ .03 weeks ago if we had listened to the skeptics.
Hope you can get back in at a reasonable price. You certainly wouldn't still be here if you weren't interested in "a failing company with debts?" as you call it.
LOL! There's your gap fill
Buyers in da' house!!
k.
GL
Great, it went to 70. Now it's 60.
Neat!
Again, RSI shouldn't be your only indicator for momentum, price action, SP variance etc.
It is useful, but should not be used solely as a buy/sell signal
Daily RSI at ~60 my friend
Same, i added another $11k today, don't know anything more than anyone else.
But i like to think i know what i'm doing.
LMAO!!
I don't disagree with you. I'm quietly adding at these levels with zero intention of selling a dime. GL
There are other opportunities in the market of course. Anybody can sell to take advantage of that while this is sitting still, whether or not they plan to buy back in.
I think it'd be naive to say that this is the best play in the market today
After 11am my guess, technically speaking of course
Looking for some interest after 11am if any at all. Only price action pattern i've noticed happens during/after 3rd hourly candle
Not here for the day-to-day but difficult not to watch.
Selling to the bid today more immediate after a buy. Someone was up earlier today than previous days.
Almost similar to how certain stocks trade under the uptick rule