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Today was nothing more than the automated wash trading that tends to pick on a low floater NASDAQ stock or two every day and wash them up for someone to dump at a profit. The computers doing the wash trading will be turned off in a day or so (if they’re not already) and the stock will crash back to earth.
Were I a shareholder in this company, I’d do a read through the corporate charter to see if there’s a way the shareholders could call a meeting and vote out several (if not all) of the BOD. Having cash on hand can be a good thing, but not if all of it is going to get paid out to executives for salaries grossly disproportionate to their performance as reflected in the business reports and share price history.
It is truly stunning to me to see that BOD get re-elected year after year, especially the board chairman.
Someone or a trading group is playing with the stock trying to create an illusion of interest by walking the price up. This company isn't doing jack with the $26k they had on the books in an industry that requires billions to do anything, they're not doing any R&D at all. It's right there in their financial reports.
The only product here is pumping PR's.
It’s all a fairy tale to support the pump and dump.
Get real. No legitimate multi-billion dollar company is going to merge into a scammy stinky pink shell with over 4B issued and outstanding shares that they didn't sell and get the money for. It isn't "cheaper" than a proper IPO to give your company's equity ownership away to the shareholders of an existing company.
Yep, I do know that. Just saying that just about all the rhetoric you see on iHub, especially from those who have been pumping a stock, is just that, they flip to either feigned anger about the company or despondence about a loss after they’ve flipped their stock.
There may be 1 or 2 real marks posting here after the wheels fall off, but most of it is just more pretending. Have to convince those marks that they didn't dump on them, otherwise they won't follow them to the next pump and dump.
Sure you do...
Trapping new bagholders every day.
You are mistaken. None of them believe any of the claims, they're just relentlessly pretending to in order to dump their stock.
No, they don’t, and it isn’t cheaper. That’s just another stinky pink pump and dump fairy tale. Companies don’t go public just to be public, they go public to get access to the capital markets and sell stock to raise money to grow their business. That’s why legitimate companies use a proper IPO, they get to keep the money raised by the sale of stock/equity. Under the fairy tale, they give away equity ownership of their company to the shareholders of the scammy stinky pink and get nothing in return. That would be a monumentally stupid thing to do.
It is not different, it's just like all the other OTC scams, a pump and dump. Legitimate multi-billion dollar companies don't go public by merging into scammy stinky pink shell companies, effectively handing over equity ownership to that scammy shell's bagholders. It's absurd to even suggest that.
It's just the China Hustle (google it) on the OTC.
It's just another OTC scam pump and dump.
The dilution isn't raising any cash, it's coming from their convertible note holders. The cash from the notes is already gone.
Anyone with common sense would know that real, legitimate, multi-billion dollar businesses wouldn’t be poking around with a stinky pink scammy stock to “go public.” That’s absurd to even suggest. Real companies don’t do that. This is just another pump and dump on the OTC using an illusion “over there” in China for the fairy tale.
It’s just another fluffy pump by that company:
https://www.otcmarkets.com/stock/RONN/news/Ronn-Inc-Announces-Completion-of-the-latest-PCAOB-Audits?id=447909
As I said, they aren’t doing anything real with $27K in the bank, nothing spent on R&D claiming to be in an industry that takes billions to develop anything. But they have to service those convertible notes:
https://www.otcmarkets.com/otcapi/company/financial-report/409739/content
It’s RONN….
A company with $26k in the bank that claims to be making hydrogen cars and hydrogen infrastructure but hasn’t spent a plug nickel on R&D. The only product they make is fluff PR’s.
Apparently you do selective reading. The paragraph above that one tells you what that order is about.
This was the last update of the share structure that I can find on this board:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174846047
Compared to the update last week, looks like another 170M shares moved to "Held at DTC" since 7/26, meaning someone with stock that came off restriction has now dumped it into the market.
Short sale volume is irrelevant, just the market makers doing their job. Short interest is actual short positions in the stock and there are hardly any, about 500k vs an O/S of 4.5B.
Oh, please...
An alleged multi-billion dollar Chinese enterprise elects to go public by inhabiting a scammy stinky pink shell company, rewarding its bagholders with equity ownership in their company.
That would be a monumentally stupid thing to do. None of it is real, it's just another version of the China Hustle (google it) on the OTC.
More sells than buys again, up 20%... somebody is playing with the stock trying to create an illusion. This is just another scam.
So, you've acknowledged that what he has said about the company is correct and, ultimately by extension, the things that he replies to are incorrect, and rightfully stated that we're all wasting our time, including me, you, him, and all the folks pretending to believe "good things are coming very very very very soon!" Yet the only one that posts that you take exception to is him? The continued dredging up of old posts and google hits from when BioAmber, Inc., was in business 6 years ago is fine by you, but replying to the irrelevance of them is not.
You'd have to admit, pretending to believe in something you know to be untrue in order to draw in a correction is way more of a waste of time than the correction, unless, of course, that is a common objective.
Yet another load of pure BS.
So, a proposal from PWC to another company that says BioAmber was "restructured" by selling all the assets to a third party is now some sort of proof that a secret deal was made over 6 years ago? Sure, sounds legit.
I would imagine the company had some restructuring plans drawn up, but what they needed was somebody with a lot of money to burn to agree to fund it during the SISP. The reason the plans were never submitted for approval is because nobody did offer to toss their money into the pit. There'd have to be enough offered to cover operations for an extended period and address the secured debt, and the plan would have to show a pathway towards profitability so those secured debt holders would know it was a good deal for them. Without money, the company wasn't going to continue, the plans were as worthless as the paper they were written on. Why would any entity with money, either new or one of the creditors they had, agree to put more into an enterprise that lost money every year they operated?
There's nothing secret about this, everything that happened to this company is well documented in the court records.
Computer generated wash trading going on, brazen manipulation of the PPS intended to dump stock onto new bagholders. The O/S has been turned over 50-60 times already. Don't get trapped with grossly overpriced stock.
Computer generated wash trading, brazen manipulation of the PPS. The O/S has been turned over 5 times already. Don't get trapped with grossly overpriced stock in a company that is in bankruptcy proceedings.
This scam still running?
Walking the PPS up 29% with more sells than buys. Nothing suspicious about that....
Trip flippers playing around with the stock trying to create an illusion of interest.
The wash trading computers were turned on, brazen manipulation of the PPS. The O/S has turned over nearly 10X’s. Don’t get trapped with grossly overpriced stock.
I'll recommend that you, also, read the 6th monitor's report for the first time ever. I've included a link so you can do that. The two patents in question were jointly owned by BioAmber, Inc., and Lanxess, and are shown in the APA included in that monitor's report at the bottom of page 93 (page 17 of the APA listing) and 94 (page 18 of the APA list). With Google patent, it takes about 2 minutes to cross reference any patent application number with the patent number and patent title if you're interested in learning the truth. BioAmber, Inc,'s interest in those patents were sold to LCYB per the APA, and either of them (or both) could have been listed on that form as who would receive correspondence regarding the patent.
https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf
FYI, here's the Google patent hits on those two application #'s:
https://patents.google.com/patent/US20150018471A1/en?oq=14380405
https://patents.google.com/patent/US20150114263A1/en?oq=14380415
It took longer to type this response than it did to look up the two numbers and cross reference them to the APA. Now that you know how, you can answer your own irrelevant questions.
That's an internet boiler room....
I think somebody who doesn't know what they're doing entered a market sell before the bell thinking there'd be a bid there.
You have 1 extra zero.... the upwards paint was only $1500
But, hey, twice as many sells as buys all day long, and only the paint matters, right?
You are not "free" to defy the facts which are documented in the court records. It is delusional to do so. You are free to be unhappy about making a horrible investment in a company that was in bankruptcy proceedings and losing it all. You are free to be unhappy with the con artists who told you it was a good investment when they knew full well it wasn't.
If you bring the delusions in here, someone will correct them. Want to claim fraud? Fine, hire a lawyer and go to the CCAA judge who put in his order closing the proceedings that you need his permission to file anything and tell him that you think the sale of all the assets that he approved (without objection from anyone) was fraudulent and and want to litigate it 6 years after that sale closed. Funny how the creditors owed 10's of millions didn't object and aren't claiming fraud, mainly because they actually understand bankruptcy.
Oh, please. The O/S was tossed over 74 times today. Every share issued and outstanding changed hands, on average, 74 times in 540K trades on a stock that typically trades less than 100k shares, and with the price manipulated up to a high of nearly $3, then right back down when the computers were turned off. It is brazen wash trading.
Please…. You don’t toss the entire O/S over multiple times in a day without computer generated wash trading. It’s manipulation, intended to prop the stock price up so the criminals can profit.
Yet another brazen manipulation through computer generated wash trading. The O/S has been tossed over nearly 80X’s today, every share issued and outstanding changing hands nearly 80X’s. Don’t get trapped with grossly overpriced stock.
Just FYI and maybe further questioning of the con artists… the corporate charter of BioAmber, Inc., was revoked by the state of Delaware for failure to file their reports and pay taxes. That failure was because they have no assets, employees, business operations. BioAmber, Inc., was the issuer of the stock, and it’s gone completely, has been for some time. There’s no transfer agent, either, so nobody other than you and your broker know there’s a placeholder in your account with the CUSIP on it.
It’s been nearly 6 years.
Yet another non-binding LOI for a stinky pink pump.
Computer generated wash trading, brazen manipulation. The O/S has already been tossed over 15 times. Don’t get trapped with grossly overpriced stock.
Ok, you’re right. I found 6 posts in 2020 about it “mirroring,” which is/was another concoction of the fabrication team. Here’s my search if you’re interested:
https://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardid=26566&searchstr=Pttpf&srchyr=2020
Ticker/company still exists today:
https://www.otcmarkets.com/stock/PTTPF/disclosure