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.
BioAmber Canada was dissolved on 12-07-2024.
https://ised-isde.canada.ca/cc/lgcy/fdrlCrpDtls.html?lang=eng&corpId=7061633
So where do you see BioAmber mentioned in that link?
BioAmber isn't even mentioned in the link
DBMM had a much lower float? Here are the 2014 numbers from the filings
Common stock, par value .001; authorized 10,000,000,000 | ||||
shares; 3,922,117,624 and 3,613,790,986 shares issued |
The difference is that the CUSIP was suspended and ticker deleted due to the outcome of the liquidation.
FKA BioAmber was LIQUIDATED selling off ALL of its assets for a total upfront price (paid at closing including the 10% deposit sent in with the LOI) save and except for the cash, AR, Inventory and some US based office furniture. LCYB did not want any of the contracts so third party tech was not transferred as well.
This left about $100 mil of debt unpaid leaving ALL of FKA BioAmbers creditors impaired as not one creditor from any class was paid in full. Leaving FKA BioAmber insolvent with No assets left of any kind, no employees, no BOD, not even a corp left. By law there is no way FKA BioAmber could ever return.
With none of the creditors paid and shareholders last in line former FKA BioAmber shareholders have no chance of ever being paid any type of monetary payment whatsoever or receiving shares in a NEWCO.
Can you tell me what lies are told? These are all a list of facts are they all lies? If so please point them out and refute them with the truth.
Is it a lie that FKA BioAmbers former shareholders lost their investment?
Is it a lie that $4.34 mil was the total upfront payment paid for all of FKA BioAmbers assets including all of the IP, tech, plant, patents, trademarks, trade names described on about 100 pages of the APA save and except for the cash, AR, inventory and some US based office furniture? LCYB also did not want any of the existing contracts assigned which meant any third party owned IP was also not transferred.
Is it a lie that the FKA BioAmber shares can never be brought back to life, traded, sold for any type of monetary payment including being swapped for shares of a NEWCO?
Is it a lie that FKA BioAmber was liquidated for $4.34 mil leaving all of its creditors impaired?
Is it a lie that all of FKA BioAmbers Canadian corps have now been dissolved and its Us domiciled Delaware Corp was voided due to nonpayment of taxes and not keeping up with its filing requirements?
FKA BioAmber doesn't even have a registered agent anymore.
Just getting started with what? You can't seriously believe that there is any chance at all of FKA BioAmbers shareholders ever getting paid do you
There was never anything more going to happen. There was no 5 year plan, no buyout, no NEWCO or anything else. The liquidation of all assets for less than 5% of the liabilities leaving all creditors impaired was always the end. There was never a chance of anything for shareholders after that.
Leave it to Dugar to make Yoga pants carbon negative.
Still doesn't change the fact that FKA BioAmber shareholders lost their investment due to its liquidation back in 2018 but hey who doesn't love yoga pants.
I wonder why DC isn’t mentioned under their Partners section
The difference is you actually have a chance at winning the lottery albeit a slim one but Zero chance at good things coming for FKA BioAmber shareholders
The crooks con you into buying the shares that they front loaded cheap that is always the story.
Telling you lies of good things coming to a liquidated company. When the liquidation was approved for $4.34 mil vs $100 mil of debt the outcome was 100% known.
Yes you could take the risk and flip the stock but it was always going to end when the monitor was completed.
Anyone saying that the shareholders have any chance at all of good things coming is a liar there is no opinion. You could have had an opinion on the outcome before the liquidation was approved but not after. You don’t get to change the facts because you don’t like them.
Facts don’t care about your feelings
The problem here is that there are no BioAmber Inc shareholders because BioAmber Inc doesn’t exist due to being liquidated of all assets for a fraction of its liabilities leaving all of its creditors impaired with no chance of recovery. FACT
Nobody knows what to believe?
If you put aside the fairytales, confirmation bias and outright lies of more to come the truth is spelled out in the court docs, monitors reports and SEC filings.
You don’t have to GAF what anyone says but it won’t change the outcome.
I guarantee there is not a single broker out there who will tell you that you have even the slightest chance of recovery because there isn’t one FACT!
They will always be shares albeit worthless shares of FKA BioAmber an insolvent now defunct company that went out of business in 2018. A company that sold off all of its assets and left all of its creditors impaired with $100 plus mil of debt with no chance of recovery for its creditors or shareholders ever FACT!
So what you don’t own stock in Visolis or LCY or LCYB or KKR.
Your worthless shares belong to a company that doesn’t exist anymore FKA BioAmber
Mitsui didn’t get kicked out they wanted out learn how to read. They left for $1 and also were no longer on the hook for the debt as part of the deal. There was no condition to distribute anything.
Mitsui isn’t distributing anything for FKA BioAmber.
Keep up with the complete BS fantasies but you still won’t be getting a single penny for those worthless FKA BioAmber shares.
Mitsui was bought out by BioAmber back in 2017 but sure let’s go with your made up fantasies lol.
You even posted the link to it lol
The only funding FKA BioAmber got was the DIP funding that’s it.
You are forgetting about the Chapter 15 bankruptcy and subsequent liquidation of all assets for $4.34 mil to LCYB save and except for the cash, AR, inventory and some us based office furniture.
The debt was over $100 mil it’s right in the docs.
There are no BioAmber shareholders anymore. There is no BioAmber anymore.
AI Bots really? Why is it because my/our/so called bashers story doesn’t change? It doesn’t change because the outcome is 100% know and was since the day the liquidation was approved so why would the story change?
Even if someone was dumb enough to spend $100 mil to pay off FKA BioAmbers debt the shareholders still would not have received anything at all since the debt was around that amount.
So ask yourself why would anyone spend $100 mil for FKA BioAmber who was losing money daily when they could have bought it at liquidation like LCYB did for $4.34 mil?
Correct there is money to be made in a Q stock. The catch here was you needed to get out before the trading stopped.
This was a liquidation of assets that ended with only a fraction of the total liabilities received and that total was $4.34 mil vs. $100 plus mil of debt. All the assets sold leaving Zero chance of recovery for creditors and equity holders.
This Q stock was always going to stop trading when the monitor was discharged due to the liquidations outcome.
It was a known FACT from the day the liquidation was approved.
So you would have had to sell before the trading stopped Forever.
At this point there is no longer any opportunity at all to make money here at FKA BioAmber. Anyone who is still holding the worthless shares is out of luck. The ones who really got hammered were the two 5% holders. They bought up to the end and lost their entire investment just like everyone else still holding when FINRA ended trading for good.
Believe whatever you want but the facts will never change. It’s almost 5 years from the monitors discharge and the last day of trading. Nothing will change when 5 years is up nor will it ever change.
What clock started on 11/9/19?
Yeah as comical as it is I wanted to see the response even though I doubted one would be given lol
“Yep they're still under investigation”
Who is still under investigation? What investigation might take several more years?
That same report has Reverdia list and it was dissolved in 2019
Too bad there is no “fresh” information from Formerly Known As BioAmber Inc. That add for a research report doesn’t outweigh the facts in the monitors reports and court docs.
Go ahead and pony up the few thousand dollars for that report and post its findings. Should be a good read
That’s because they were assigned to Lanxess Corp from BioAmber.
BioAmber the assignor and Lanxess the assignee. July 27 2018 execution date and the date recorded was Jan 23 2019.
https://assignment.uspto.gov/patent/index.html#/patent/search/resultAssignment?id=48102-600
https://assignment.uspto.gov/patent/index.html#/patent/search/resultAssignment?id=48102-600
There is reason so many shares traded in 2014 and it had nothing to do with some made up NSS fairytale. It is because the TOS exploded in 2014 with over 3,700,000,000 shares added in a year only to be wiped out in 2015.
July 10 2013 - 35,842,074
To
Nov 30 2013 - 100,833,939
To
January 15 2014 - 567,726,798
To
March 28 2014 - 1,272,471,842
To
July 1 2014 - 2,857,498,254
To
November 30 2014 - 3,766.260,201
To
March 16 2015 - 4,314,974,767
Then back to about 4 mil after crushing shareholders with a 1-1000 RS
September 23 2015 - 4,414,975
Please please show us a legit conversation with a legit broker about BioAmber coming back or you receiving shares of a NEWCO any type of monetary payment for your FKA BioAmber shares.
Please I can’t wait to see this lol
LMFAO short shares? Even if someone did short shares they closed them out back in 2019. You see all one had to do is prove the shares are worthless which was/is easy by showing the monitors reports or court docs.
Simply providing the liquidations outcome, the shut down of the company and then FINRA suspension of the CUSIP and deletion of ticker would have done just fine to collect one’s money.
BioAmber won’t come alive in 2025, 2035, 2045, 2055 or any other year.
There is no process that would allow former BioAmber shareholders to receive any form of monetary payment. There never was. Once the liquidation was approved for a fraction of the debts and all the creditors were left impaired that was it. Despite the lies and BS that the good things coming crew and DD fabricators say shareholders were never going to get anything. That’s simple bankruptcy law
https://pitchbook.com/profiles/company/52155-55
Maybe that will help
When 2 federal judges sign off on it as well as the creditors and their lawyers there was no bankruptcy fraud lol.
It would be fraud if shareholders would ever be paid for their worthless shares though
Nope you’re just stuck. It ended when PWC was discharged and you will never receive any form of monetary payment or NEWCO shares. That is the law. A liquidation process is still a liquidation which was clearly spelled out. Your belief one way or another will not change that you lost your investment.
If you believe there is anyway at all you can be paid for your FKA BioAmber Inc shares please show me even one fact that proves you can be paid just one. Send me a link to it and show me how an insolvent liquidated company with a voided charter, no assets of any kind, no employees, no BOD and no registered address, no business operations, no money and no registered agent can somehow pay its former shareholders when all classes of its creditors are impaired
If you would get any type of monetary payment or shares in a NEWCO yes that would be bankruptcy fraud.
You know there is about $100 mil of debt still attached and the total sale was only $4.34 for all of the assets to LCYB.
Qstock greatness? Please tell me how you will get paid for those FLA BioAmber shares when it would be bankruptcy fraud.
Hmm so when BioAmber Sarina and BioAmber Canada are both dissolved what will you say?
What is Mitsui giving anyone? Mitsui was bought out in 2017 for $1 at the request of Mitsui because they wanted nothing to do with FKA BioAmber.
KKR is not connected to FKA BioAmber other than the fact that they own LCY who is part of LCYB. Neither KKR or LCY, LCYB or Visolis owe you anything.
FYI… Getting any form of monetary payment or NEWCO shares for your FKA BioAmber shares would be against the law
This might shed a bit of light on things.
https://pitchbook.com/profiles/company/52155-55
Since FKA BioAmber was liquidated for a fraction of its liabilities leaving all of its creditors impaired it would be against the law for your shares to be exchanged for shares of a NEWCO or to receive any form of monetary payment. That’s a cold hard Fact
I guess you never read the APA in the 6th report as it listed each and every item purchased. No matter as LCYB got it all for a total consideration of $4.35 mil which included ALL of the assets, patents and IP save and except for the cash, AR, inventory and some office furniture located in the US. LCYB also did not want any of the contracts assigned to them so 3rd party owned IP was not transferred as well. Once again it’s all in the docs
The deposit was 10% of the original bid before PWC asked the bidders in the liquidation to up their bid price. LCYB upped their bid price to $4.34 mil after the deposit was turned in. It’s in the docs