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.
You have a lot in common with the poster from your link, resemblance is uncanny. Both of you make up absurd theories and are unabashed when proven to be dead wrong. At least he did it to pump the stock and attempt to con people while the stock was still trading.
Buying the shares of BioAmber Sarnia would result in owning the Sarnia plant and everything else listed under that subsidiary's ownership. You can get a read on that by reading through the 6th monitor's report as I've suggested ad nauseum and checking to see which of the BioAmber entities was listed as the owner of each item. They'd own all the assets of that subsidiary as well as that one corporation as a going concern. There was also debt held by that subsidiary, some of that debt guaranteed by the parent company, and some debt held by the parent. It was unsurprising to see they didn't follow through with the bid since they'd become responsible for dealing with that debt one way or another (likely making a deal with the creditors on some partial payment).
And, yeah, it's moot because it didn't happen. It wasn't a bid, it was an LOI.
Do you ever get embarrassed by being wrong with every one of these predictions?
BioAmber, Inc., no longer exists. Its corporate charter was revoked by the state of Delaware. Not only does the common stock no longer have a Q, the other 4 letters of the ticker were also deleted by FINRA.
Greenfield submitted an LOI only for the shares of Sarnia, but chose not to submit a bid for it. Even if they had, the amount considered would not have covered the debt and the shareholders still would have received nothing. Only their names were revealed as submitting an LOI, a nothing-burger, especially if they really wanted to buy the plant.
This scam still running? Nothing like walking the PPS up 19% with 35M sells and 23M buys. Nothing fishy about that at all.
Check off the "mention Amazon" box on the stinky pink pump and dump checklist.
You need to read the whole thing... They're handing over KOAN shares and taking the EMGE assets. EMGE will no longer be a subsidiary, it'll be a shareholder. And the preferred shareholders are going to wind up with the lion's share of however much dead KOAN stock EMGE winds up with.
They’re losing money and diluting like crazy on note conversions. The O/S has gone up over 5X’s what it was at the first of the year. This is a share dumping scheme, pure and simple.
I don’t buy scams
It’s a crock… this company isn’t even a bit player in the industry. Unknown company signs deal with unknown entity… let’s sell some stock!
Dilution cometh…
Share selling scheme. The O/S has gone from 381M to nearly 2B since the first of the year, all of it note conversions, and a whole lot more where that came from. They're losing money every quarter as well, so they'll eventually have to take on more debt or sell stock themselves.
Oh, please. This company has $26k in cash according to their last report, the remaining assets were "Goodwill" (book entry for overpaying for Ronn Motors) and IP/Software. That's it. Plus they aren't spending a penny on R&D while claiming to be playing in an industry that requires billions to develop anything, all while diluting the O/S 747M shares since the end of March.
The only product here is fluffy PR's. Nobody with real interest in the industry with real money to spend is going to toss in with a company that brings nothing to the table.
It isn't illegal for there to be SEC filings on a liquidated company. The stock was still trading at the time.
Nope. They are giving KOAN shares for the EMGE assets. EMGE will be a shareholder of KOAN. EMGE may distribute the KOAN shares as they wish, but considering there’s still a pending RS of EMGE common shares, it is likely the preferred shareholders will get the lion’s share. It’s really a waste of time considering both stocks are barely trading.
The 8K just published rescinds the share exchange completely, "reforming" it. Now, KOAN is "buying" all the assets of EMGE with KOAN stock. EMGE will be a shareholder of KOAN. Of course, the registration of EMGE's shares in KOAN will be at EMGE's expense and effort....
What a ruse....
I guess trading dead KOAN stock for dead EMGE preferred shares didn't work out.
Automated wash trading, the whole O/S has been traded 50X's today so far. Brazen stock manipulation. They'll turn their computers off, don't get trapped with grossly overpriced stock.
Yeah, that $20 trade will send this to da moon!
Umpteenth time: This was a Chapter 15 bankruptcy recognizing the CCAA proceedings in Canada as the foreign main proceedings. Just like the US has Chapter 7 and Chapter 11, Canada has the BIA and CCAA. While in the CCAA, the company was liquidated and shut down, assets sold to LCYB including the plant and all the IP (patents). There is no company left.
The parent company was in the US, so, yes, Chapter 15 is bankruptcy. Since the case was closed (use any word you want for it, it was completed), that parent company has had its corporate charter voided by the state of Delaware. BioAmber, Inc., the issuer of the stock, no longer exists. The Canadian Federal government has finally gotten around to dissolving the two subsidiaries.
Quibble with words all you want, the company is dead, has been for 6 years, the stock is dead, has been for nearly 5 years.
Shareholders rarely get anything from a bankruptcy, even in a re-org. The creditors have priority, and if the company survives at all, those creditors will have most all of the equity (ie - new shares issued after cancellation of the old shares). In a liquidation, all the creditors get paid before shareholders, and there is never enough to pay all the creditors. This thing was toast for the shareholders the day the liquidation bid was revealed.
People are still here saying the company is dead because people are still here pretending that it isn’t in order to get people to respond to them that it is. Nobody here believes a company liquidated and shut down 6 years ago that hasn’t uttered a word to the shareholders or the public since is coming back.
In March, the O/S was 427M. That’s 747M shares in a little over 4 months, almost tripling the O/S, while they issue fluffy PR’s.
Oh, please. No billionaire is going to be playing around with a stinky pink pump and dump.
Just a reminder, the only product here is fluffy PR's intended to help sell stock. This company has only $26K in cash, the rest of their assets are "Goodwill" for overpaying when Ronn Motors merged in and IP/Software. That's it. They haven't spent a penny on R&D while claiming to be a participant in an industry that takes billions to develop anything. It's all a mirage, a pump and dump.
https://www.otcmarkets.com/otcapi/company/financial-report/402556/content
If there are no FTD's, then there is no naked short positions on this or any other OTC stock. That's just a scapegoat provided by pumpers to divert attention away from the dumping for profit they are doing.
That "article" is some numbskull's comments on the proposed changes to 15c-211 a couple years ago and is a bunch of BS. Those notes are just wrong, if a share is not delivered to the buyer within 3 days, it is an FTD, period. There are other deadlines leading up to someone being forced to buy a share to cover the transaction, but it will be recorded as an FTD. It is simply fodder for the pumper con artists to foist on their marks and divert their attention away from the profit taking that is going on when the pumpers sell their stock.
The "keep people from telling the truth about these POS scammy pump and dump companies so the con artists can practice their craft in peace" ain't gonna sell. Doesn't really matter that con artists outnumber those telling the truth.
The "those mean bashers deleted my post without cause" ain't gonna sell, either. You know the folks compiling the information are admins, right? They can see every post that was ever deleted for any of the "victims" of this purported crime and see why it was deleted, they can see what the truth is. And the truth is that ain't happening.
A little over a year ago, after hearing that the membership here wanted the TOU loosened up so people could "call out" other people and cuss at them (so many Twitter whines about "I called out the bashers, but they deleted the post" when they knew full well the calling out was against the TOU), iHub changed that TOU to allow it. Now you could call a basher a basher and vice versa. Turned out that sword had 2 edges on it, calling out the bashers was met with calling out the pumpers, you could point out that one of those 2 was telling the truth and one wasn't and back it up with the posting history results comparing what was said to what happened. "All you do is bash" wound up being ineffective because the basher was always right. Funny how life works.
I know the TOU has retreated a bit since then, pretty sure if you're going to say "you're an idiot" you have to back it up with "here's why" and demonstrate the idiocy with on-topic information about the company, what that poster said about it, etc. If you guys want to retreat back to pre-July 2023, I'm good with that, but lay off the fake "victim" mode when what you wanted wound up not being what you want.
All of them were sold. Begins on page 77 here:
https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf
Every patent claimed to still be "owned" has been found on that list. They have no need for patents since the company is completely dead.
Or we could have a terms of use (TOU) and all follow them.... same rules for everyone.
Today I learned posting the truth/facts about these companies = "disrupting the entire board on purpose"
Good
Those TOU say that each moderator gets a section of the iBox to put their content in. No other moderator is allowed to touch that content, but they may put their own into it in the order that it is in (ie - first moderator that puts content in stays on top, next one places their content below, and so on and so forth). Those are the rules.
The iHub admin enforces those rules. If ibox content placed by one moderator is altered by another, they'll fix it and tell the 2nd moderator not to do that. If a post is deleted and they're asked to review it, they'll restore it if it wasn't a TOU violation and leave it deleted if it was. It's really just that simple.
The OTC ain't no casino, and the craps game you've spoken of is rigged, dice are loaded. There's a rather large group around that table that know the game is rigged (and how it's rigged) cheering in a chorus about how it's going to make everyone that plays it rich if they'll just toss in their money and bet against those dice, hoping some new gambler will show up and get sucked in. Then there's that smaller group pointing out that the dice are loaded and the whole game is a scam. You seem to think getting rid of those people is the right answer, let the rigged game go on, let the scammers scam those people.
Sorry, ain't happening. Nobody is trying to save you, they're trying to save others from you, the only tool being used is the truth.
No assets, no cash, nothing. Nobody in their right minds is going to toss in with a "company" that brings nothing to the table. The main product seems to be fluffy PR's.
A pumper article from 2018...another article where a judge said the broker-dealers can be liable for all sorts of illegal trading activities by their clients/customers...and a couple Korean things that are irrelevant here in the USA. Sure looks like "proof."
SMH
Dude, nobody is going to short an OTC stock. The maximum gain for this one is $0.0044 if the stock went to zero, and the "hedge funds" aren't going to waste their time on that. "Get shorty" is just a pumper cry to divert attention away from themselves while they sell their stock for profit.
Short volume is meaningless, practically all of it is covered every day by the market makers who mark the initial leg of a trade "short." It's only mentioned by pumpers to provide a scapegoat while stock is dumped for profit. Nobody is taking a short position, putting $2.50 in a margin account per share for a $0.0044 maximum gain. That's just dumb to even propose. Short interest is the metric that matters, and it was 159k shares on the last report.
Here's what FINRA (aka - the regulator) says about Short Volume vs Short Interest.
https://www.finra.org/rules-guidance/notices/information-notice-051019
Nice litte wash trade walkup today, up 50% with more sells than buys.
Nothing odd about that....
It's just a monthly visit to maintain the mod status (I think it's a 2 month requirement now).
Yeah, no kidding. There's a reason there haven't been any updates at all since 2019 and nothing from the company itself since 2018.
Additional questions for you to pose to those who visit and regurgitate the old, previously debunked information:
1. The corporate charter was voided by the state of Delaware. The company that issued the stock, BioAmber, Inc., doesn't exist anymore. Why would anyone buy it, and explain the mechanism(s) that would be used to accomplish that.
2. The two subsidiaries in Canada are finally being dissolved by their Federal Government. What's the story going to be once that is done?
Or maybe, just maybe, instead of playing stinky pink "Survivor," Amit and/or Tom could read a few posts from Janice and others and check for accuracy - ie - when Janice called a stock a scam pump and dump, was she correct? I'd bet she was. And I bet the "to da moon" side wound up being wrong.
Then all this crap about setting up an iHub boiler room where nobody is allowed to share the truth about the companies and claims being made might just stop dominating this forum. You guys are proposing that if Amit would just silence the truth, all the twitter and stocktwits pumpers would come over here. Seems kinda hollow to "suck up" to him calling him smart but then not giving him any credit for having the scruples to not turn his forum into a haven of con artistry.
There are trolls on this board whose only joy is getting a response to nonsense from you, aka - the trolls. Then there's a couple folks who might have believed the BS about a buyout at one time and are now asking legitimate questions of those forwarding that notion. They'd really would prefer an answer from the ones who ultimately lied to them, and that's fine, I'd like to see it.
When someone begins to see the truth, let them find it their own way.
Yes, it is. I deleted that from my follow list.
I'm not sure what you expected when you did the invite, but here we are with the typical "those mean bashers are crashing my boiler room" back and forth stuff.
For me, if you have a new app or PC platform, I'd be willing to put it through its paces and send feedback.
Down, boy... he's been asking pretty good questions of the fabricators for some time.
Y'know, a few days ago when I'd also answered the question, I almost added that I didn't think the 10 cent rule would get them, since it was trading very close to that, and I figured there'd be a push to reset it. Now, I'm not so sure.
6 days left?