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Daddy wants the Daddy... and the Kid wants to play with the Kid... its a win win and the " big man " gets his 10% lol.........
OH Please.... Naxos was a Original investor with clauses to keep the % ownership the same even with dilution. The Big Guy with membership in the BOD.... come with something else.......
Ya we are.. holding and waiting for the BOOM. We know its coming...
4.3 million to keep the lights on and pumps not freezing up....2nd transaction OTW.
another note.... explain this?......I will stay right here and wait.
Naxos was a shareholder... a big one... maybe enough to get control of said company. I am sure this is just a mistake right? folks got it wrong????
16 million shares? I see 131 million.
The only way LCY got the company for 4.3 million is if they took everything else with it. debt, shares, NOL's, etc.... you cant buy a 180 million dollar plant for 4 million bucks and start it up full speed and make hundreds of millions of dollars and screw everyone over including the QUEEN. Secured debt was only 40 million, bioamber threw in the other UNsecured debt to be nice of 60 million to be recorded for future reference for some reason. There is more to the story and that is why we are all here. Just the Shell with the Nol's is worth about .50 a share. So much missing money in this deal its fkn crazy...... Tick Tock we wait for a damn signature to move this fwd to the next level. Ill be right here waiting...I'm not going anywhere.
would be surprised to see 30 plus here soon in the next month or so....
hey wow, a board....
Maybe that new strain they invented that gives twice the output is in play here...hence the uptick in production. Just a guess...
i would expect many many more posts after tomorrow when this changes to BRCC......
EZ, they stated in the beginning of the CCAA that " the company " was for admin purposes only. Each company is treated each by it self in a court case, this bunching was done on purpose to confuse all of us and you apparently. IMO.
OF course there is not value for shareholders on the sale of Sarnia and Canada..... We don't own shares of those company's. We own the shares of Bioamber inc. Bioamber Inc owned 100% of the shares of Sarnia and Canada. so in Legal terms, it is correct that share holders of bioamber will receive nothing from this transaction. Does that clear that up? do you understand that statement now? Us holding shareholders understand that statement. We never expected anything out of the CCAA. Geeze.....
Sooooo much missing money here its crazy. This cloak and dagger bullchit is just ridiculous. Every body owned shares... even the old guard still owned shares. The CEO was rewarded with shares for getting this deal done. I will stay right here and wait.
I just don't see all these folks losing on this deal that they all worked so hard to accomplish. Its only 40 million secured debt anyway.... peanuts in the grand scheme of things.
I am sure we all will stay right here and wait some more.
So who is going to explain these production numbers in a Real World Scenario?
not 1 person yet.....but its a real documented number.
Swamp Gas I guess.
well that begs to be said on why they are able to do that when the only asset they own is sarnia? according to documents that is......
So its more than last time? OMG.....what happened here? This is just pathetic....... same place. same folks. same formula but ohhhhh so much more. It must be a miracle.
Soooo glad the new folks can just buy in on the discount and some how manage to exceed capacity in just a year of operation with the old KERP folks in hand. wow... amazing work there.
This is either a Restructure or a Con Job. one or the other. Cant be any other option IMO at this point. 4.3 million is a joke for a state of the art 180 million dollar Bio Succinic acid plant with a top grade formula with years of R&D with only 40 million of secured Debt and over 250 million of NOL's and over 3 billion in contracts for the product over 10 yrs. This has been a Mind FK in every aspect. Nothing makes $$$$$ sense.
And to top it off, the new guy rolls in and starts pumping out product like there is no tomorrow? give me a break....
Smells Bad.........
That does seem pretty difficult to explain. How did they manage that? Maybe Pirate would like to explain since he knows all the details but chooses to play with shareholders on a public board.
Must be fun to know the truth but play with folks who have money on the line here. sicko..... Great DD as usual eagle. thank you for staying on top of this. This is one stinking pile of Bullchit.....
so are we For or Against next week? I vote Yes.
I'm with Jam. Ill just sit right here and wait. 4.3 million was a good laugh for a 180 million dollar plant that makes a state of the art ingredient to a renewable and responsible future.
Wow... is all i can say. Crazy stuff we are going through in these times.
Id buy that for a dollar.....lol.
The dam virtual room was not even done until after the bids were over so why bother? cause it didn't matter !!!!! why have a virtual room for bidders to look over if its not even going to be used? Dog and Pony show.. that's why and NO I did not say fraud... I said dog and pony show. They went through the legal process alright..... Love how so many care about this outcome on a holiday weekend.
Assets outweighed liabilities from the beginning. nothing changed during the CCAA to change that except blowing some good bids, but we all know it was a pre done deal to begin with and the bidding process was a dog and pony show. There was never going to be a different winner in the bidding process than the one picked before hand. That is obvious now since so much has come to light.
Any update on that June number yet?
what makes you think they lied to 2 judges?
that you have sir. thank you for the update. Amazing.
ya its always good when you pick up a 180 million dollar plant for 4.3 million and leave every else in the dust broke. makes sense.
You call it fantasyland. I call it missing money.
remember... only BUY MMTLP...do not sell MMTLP. fk those shorts.
free to trade.