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I certainly hoped my change in votes made a difference. Congrats to those that held.
VOTING UPDATE: I just wanted to provide this board with an update. I've decided to change my vote to allow Turner an opportunity to follow through with his goals and to provide value back to shareholders. I own multiple votes that are officially changed that hopefully contributes to being a difference maker.
If A/S increase is approved, we can expect a spike in the PPS. I am putting the odds at better than 50/50.
No News yet, water is still good!
Regardless of who's at fault and the changes in management with OWCP, is it the shareholders fault the company mismanaged their money and business plan and are struggling to survive?
Should recovery and raising funds come at the cost to the shareholders?
The answer in my opinion is a resounding NO! My advice, Vote NO on all 3, PERIOD!
Let Zev figure it out. Sell the patent and or company for whatever he can get for it at this point and just move on from there to avoid BK
That's really the best option, at least for shareholders so perhaps you can recover your investments, maybe take home a little profit.
Otherwise, enjoy averaging down and hoping for the best.
I hate seeing shareholders get screwed as they often do in these situations. The companies interests aren't necessarily what's in the shareholders best interest, keep that in mind!
#ALYI $$
Did someone say it's a Crypto Play?
Cryptohigh.com
Nothing Gray about this play!
cryptohigh.com
This will be a gap up tomorrow!
Break Out Alert, Set to Fly
GRSO is no Joke. Healthy Move down. Going back up shortly.
Can anyone confirm if this is being pumped to $0.25 PPS November 2019 highs before a dump or just a dump end of today? Another potential government contract? Can he actually pull it off for real or just fluff again? I'm sure there will be some type of news soon.
Today Last Chance to get in at this level. Gap up on Monday.
Chart looks Beautiful for a solid stable run. Can't ask for much better. This stock will be a winner for any investor, especially those that have accumulated shares.
LOCK UP YOUR SHARES at a much higher sell price to prevent shorting and manipulation. Everyone that is long should do this, it can always be adjusted.
This is why I said don't sell, wait for the huge news release, hopefully by end of month! Massive gains ahead.
Oh Snap!! Looks like yesterday all over again. Fly Baby Fly, Right into the Sky!
FYI, Most shareholders are unable to trade yet. Most brokerages are still setting ticker up for trading. One Reason Volume is so low.
Also, any upcoming news will most likely prop up the PPS.
If you are a shareholder and you held, selling now would be dumb. Best to wait for news and earnings before deciding to sell. That's just my opinion.
What the hell are the insiders feeding this thing. You talk about a turn of events in one day...
Now that a can of Whoop Ass, really most Cannabis Stocks jumping today across the board
BULLS IN FULL CONTROL HERE, VERY LITTLE RETRACE. HOLD YOUR SHARES FOR DOLLARS. YOU'LL BE GLAD YOU DID. HUGE YEAR AHEAD FOR THIS STOCK. READ UP ON SOME OF THE ARTICLES OUT THERE WRITTEN ABOUT THIS COMPANY
Epic Run Coming.. Think CVSI and AXIM type run. This has much more potential considering patents and potential partnerships or buyout. This is a no brainer. Enjoy the run. Hold on to your shares!
The ironny for me is that Schwab requirements for a business account is much higher than it is for TD Ameritrade. After all the fighting about it with them, my business account with Ameritrade is now grandfathered in.
I guess moral of story is no matter how dire or frustrating things may look in the moment, there's always a pleasant unexpected surprise around the corner.
In other exciting news, TD Ameritrade clients will now become Charles Schwab clients.
If you try to place a buy or sell for BioAmber through TD Ameritrade, it will list BioAmber as PN but you can still place an order. I guess we will see tomorrow morning.
With all the experts on here, what does (PN) stand for next to company name, Bioamber Inc?
In my research, it is as follows: PN Shares means the shares of Common Stock issued or to be issued to PN pursuant to the relevant Share Purchase Agreement. Is there a share purchase agreement?
Something seems to be in the works otherwise why list PN next to Bioamber?
Let's hear everyone's take on it.
It's a beautiful day in the neighborhood, a beautiful day in the neighborhood, wouldn't you be, won't you be my neighborhood
My friends... regardless of who's right or wrong on this board, or good or bad intentions or any potential cancellation if in fact that were to happen, one fact will hold true... anyone can easily profit when this stock launches into dollars by December just as long as you are comfortable getting out IF it were to collapse or go away without a payout.
No matter what the final outcome may be, there WILL be a window to make a lot of money if you play your cards right regardless. GLTA
POTN about to Run!! Bottom is in! This was forced down, back up on pending announcement coming. **Uplisting & CE Removal***
Strong close today, more news expected next week!!
Run Forest Run!
Oh Boy, going up. Can you press the dollar sign on the right for me.
After a painful 12 months or so, a breakout is on the horizon...
Before you mentioned it, it was my same thoughts. I would agree with you that the pps upon earnings report will top out anywhere from $0.60 to $1.00 +, possibly at target price of $1.25 if better than expected. New revenue streams should help contribute to doubling sales for 2019 projection to near 50M. Once this is uplisted on OTC in coming months with new investors and possible partnerships, you can also expect more pps increases.
Holy Smokes Batman.... But they said the shares are worth nothing and would be cancelled. Well Robin, you can't believe everything you hear. I can tell you the sky is going to fall, are you going to believe me that it will? Life here as we know it will live on, believe it or not.
BIOAQ $$$$$$--- Will be part of the LCY Family once transaction is complete! You can take that to the BANK!
I want to thank everyone for the wonderful DD work. Great Job! Some of of the wording in report 6 and prior documents were either hard to interpret or were put in for legal purposes only were as the shares may have no value after the transaction is finalized. But sometimes staying the course, reviewing all the facts and doing nothing more than being patient on your investment pays off. If you are a shareholder in BIOAQ, Congrats! We're about to head up for good.
It's Friday. People Panic Selling on Friday, especially when they don't understand or wait for the real facts of the ENTIRE DEAL to come out. Monday will be scoup it up day! RELAX!
Going to .04+, WATCH and LEARN!
Don't fall for BS. Heading back up. You saw what happened last week. Weak Hands lose!!
To 1Manband point, its fair to suggest below statement means zero to common shareholders.
"the liquidation of the Company’s assets will almost certainly result in no residual value for non-secured creditors and equity investors."
http://www.sec.gov/Archives/edgar/data/1534287/000119312518265192/d614167dex991.htm
The other statement referring to only enough money to pay the 2 creditors and no one else, is also a fair statement to make.
The current Monitor's report is clear - there is only enough money for the DIP funder ($1.8 million) and some, if not all, of the first secured creditor ($10 million). All other classes, including the other secured creditors, unsecured creditors, and common shareholders, get nothing.
However the outcome, I do think this report could have clearer to stakeholders because there is verbiage in the reports to support arguments that both commons getting zero and commons coming out with something extra based on #29. You can make an argument either way based on how it was written and we are going back and forth on here arguing those points.
I will say the first point has to be written into the report for legal reasons, whether its true or not. They have to protect themselves legally.
I would say under normal circumstances where there is too much debt to overcome, commons get nothing. This case could be a bit different depending on the numbers to BioAmber Inc. and the other intangible assets value, what's left over and any deal that is being sealed under this case is closed.
If the deal really was in the best interest of the stakeholders, is it in the best interest really for stakeholders to get nothing at all? It's a fair question to ask yourself.
Now that could be a very misleading legal statement if in fact stakeholders get nothing in which they would refer back to the first statement "the liquidation of the Company’s assets will almost certainly result in no residual value for non-secured creditors and equity investors."
At face value though and how this is worded, I would say Stakeholders should expect a reward although there is the potential for stakeholders to have been mislead by the wording in #29.
File #500-11-054564-188 -- Motion for Issuance of Approval
Please everyone on this board, direct your attention to #29, three very important points on who may get what and or not get anything!
#29 The Monitor respectfully submits that the factors set out in Section 36 of the CCAA have all been met taking into account amoung other things:
Item (C) " the proposed transaction provides the greatest value for the Purchased Assets";
Item (d) " the Monitor believes that the proposed transaction is in the best interest of all the Petitioners Stakeholders and is the best option available given that the Petitioners received no binding purchase offer after conducting the SISP;
Item (e) " the consideration to be received for the Purchased Assets is fair and reasonable taking into account their market value.
Now how people on this board interpret these clauses is up to them.
It would seem to me trying to look at it from an impartial point of view that if the PWC is required to take everyone's best interest into account and where they decided to include verbiage about stakeholders best interest (they didn't have to say anything about stakeholders if they felt they would not be included or offered anything) and obtaining the greatest value and to be reasonable and fair considering their market value, it would stand to reason that there would be something left over for stakeholders/shareholders. What that amount is, who knows?
But the only other consideration is if the US court does not approve the
Canadian order, disregards this part of the clause and cancels the shares outright.
The one reason I do not believe that would happen is because there would be enough money left over based on the statements above for stakeholders and it is a liquidation of assets, not a BK.
Congrats Longs, you're about to get paid!!