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I’m not going anywhere! I am feeling very good about my investment here! Worst case at these prices is break even!! I not sweating it at all! I am investing with WORST case on my mind, can you even imagine what the best case scenario would payout!! This story is still playing out behind the scenes and I’m gathering all the info I need to make a sound judgement call. I’m buying, anyone else can do as they wish!
There is a lot of interested parties still competing for this, no matter how you slice it. No matter how it goes across the block there will be a bidding war, and we will get paid!
Trying to keep track must be an absolute nightmare! Probably the biggest task he has! He is drowning in a sea of bullshit...
All I can say they are people who know the situation better than us, local MPs and such. They are reassuring to me, but they are very limited to what they can tell me, last I heard was
“I'm not at liberty to get into the specifics on this particular issue, there are many fluid aspects to it and given the legalities surrounding the ongoing matter it is extremely hard to discuss the finite details. I apologize and hope you understand.”
For a reaction of any kind from either party! I am sick of cryptic messages of nothing! So if Sterling comes back and says Brian was a lying sack of shit, then it’s totally worth it! He needs a kick up the backside for posting such nonsense, why should he get away with it? Everything the guy touch’s turns to shit, ever since he took over the company he has delivered ZERO! Is there anyone in NJ who can go to his “office” and have a word with him?
They did not make a written offer, but they are willing to make an offer! For that their is some renegotiating to be had. They are still interested parties.
“They are still working with several interested buyers , but unfortunately are out of funds to pay employees or keep it running until they get those”
Absolutely! I feel very confident! They thought they would have gotten a good offer right away from the sealed bids, and were as stunned as us when they did not! At that moment they ran outta time and the only option with what they had was to liquidate, that is true. They will renegotiate with the bidders with reassurances from the Canadian government that they can provide a bridge loan. The more time they are give to iron this out the more of a chance we have. I the last message I received was that it was a very “fluid situation”.
100 million for everything is a steal! A terrible deal overall as it’s worth a lot more than that! But for anyone buying at these prices it’s a no brainer! I am talking about WORST case scenario, I don’t think is even going happen, but if it did we are good! Pwc report includes us, even though Eno’s statement did not. Think of this as a safety net if liquidation happens, you will still get .02 minimum!
I’m led to believe we would get the residual equity from plant, equipment and patents correct?
Seriously - Do you think I'd risk breaking the rules stating publicly that the company has NOT issued shares for any reason in the last 30 days, nor has sold a share ever in 5 years? THERE IS NO DILUTION AT THIS TIME.
Yes...yes you would you snake...all IMHO of course
Also, the extension is to renegotiate with the qualified bidders. Eno had to put out a statement with the facts he had at the time. 2 days after opening sealed bids, on a weekend no less, there was zero time for renegotiation or counter offers. I talked to people all week, and what I heard is they are all still interested! They just needed more time!! The sticking point is the debt! If the Canadian government greases the wheels here then we are in business! I would suggest anyone that has doubts to pick up the phone and call people and do some research, hear the facts from real people and not ihub, I know I have...
I have read everything, and I have yet to see definitive proof that the commons won’t get anything
If you read the Pwc report call to bid section, they said it is in the interest of all steakholders! The assets clearly outweigh the liabilities here, so worst case, and I mean the absolute worst we still get paid after the debts are paid! Their will be money left over and it will most certainly be more than .02+, if not, then they are just plain stealing the money!
Don’t worry I screenshot it and sent it to them, nothing personal...I just don’t like the POS
What a f*****g muppet! Let’s keep calling his phone and demand an end to his constant BS!!
Dude needs to get real, these deals are layups. They are not Microsoft or apple! It doesn’t take this long either I have bought out bigger companies
I don’t think so, why?
Bioamber is like the titanic in many ways, nobody thought she would sink. We have hit an iceberg and we are taking on water for sure, a lot of ships that are close have ignored our plea’s. The S.S Canada is on it’s way, but will she make it in time to save us? I think so!
Yes!! This is absolutely a strong possibility!
Those wheels turn very slowly unfortunately, but I know it’s being pushed to a ministerial level! The news and the court proceedings have progressed at break neck speed, left very little time for the government to say “hang on a second” we can help save this! They BELIEVE in it! That’s why they poured cash in initially, they are not going to let their investment be for nought. They are playing catch-up, I will wait a week.
Here is my take on it, Bioamber thinks the best option for them right now is to liquidate, I KNOW the government does not want this to happen, they don’t want people to lose there jobs, especially in that sector AND when they have invested millions of dollars of government money. They are late to the party and only got involved when they heard no buyers were found, so they have only had mere days!!! These things take time, and I KNOW they are working very hard on this to make it work. The plan is a bridge loan to keep them operating, I’m telling you it’s happening, if they have time to pull it off!
Cool head and balls of steel! HOLD!
Chunky buys for sure! These are not coming from ihubbers I’m guessing
Some heavy hitters here lads
This has to be a leak!!
I think she is making a move...
No news=good news here
I would suggest everyone write an email or phone minister Bain’s office, and see if we can get a response, these things tend to have more effect when the numbers are greater. A positive response from him could give us a good leg up. Done some research and it appears he has been to the site a few times!
Lol....but seriously, it’s getting ridiculous. He must have the worst attorney money can buy!
“Taking cap off, moving pen to contract...” Somebady on Facebook tell Brian enough of the B**ls**t. Just sign the f*****g thing! We are all tired of the cryptic messages.
Just to play devils advocate here, can the bidders wait it out and buy it from the liquidator for pennies on the dollar? Just trying look at it from the bidders perspective, obviously they know they have a desperate seller and know their is blood in the water and can get a good deal.
Eno showed no mercy and it was indeed a nuclear blast. When he ended by saying he was taking care of the creditors and not the investors he knew what that would do! But...I think the institutional investors got the nudge and wink, the basically loaded up while bob with his E*TRADE account in Ohio got absolutely smoked. I don’t think they care about the little guy and the less shares we have the better in their eyes.
Good morning folks, spent a lot of time emailing and calling yesterday to see if I can get anymore info, I had another response from local mp Marilyn Gladu, I asked her if she would be in court to offer Bioamber assistance and she said
“No I have elevated this to Minister Bains for his opportunity to intervene .”
Sounds like she was calling in the big guns, and the institutional ownership increase is very telling, I don’t think any of these big boys like making donations and throw away millions of there dollars on common shares that are about to be wiped out, on the contrary they INCREASED there shares! Especially Metsui who is very familiar with the bid process because I would absolutely guarantee they were one of the bidders! I am gonna keep digging, if I hear anything I will let you guys know.
I don’t think so! It would just be 7% if that was the case! It very clearly shows +7% as in increase!
Industry insiders are LOADING the hell out of this stock!!
Now, if you look at the institutional ownership on the CNBC website, it shows that Mitsui have increased there stake in BIOAMBER by 7% please correct me if I am wrong!!
You mean to tell me if a local politician stands up in court and says “we would like to offer assistance” the judge is going to say “no, sorry”. OF COURSE, they are going to take the help and assistance, and maybe yesterday was a cry for help! Well....it’s coming! The offer of assistance is not made up.
Insiders are piling in here, former common holders are flushed out. Trust the process
federal assistance on the way! Local politicians are going to put this on a platter for them! Think of all the horrible business that have been proped up and saved by goverments over the years! This has the potential to be a money making monster and in the green energy sector no less! ITS GONNA SURVIVE!!
I also spoke with Mrs Gladu yesterday, she is going to do everything in her power to help bioamber survive. I am more confident than ever, I wish bioamber would let her speak to the judge instead of Eno. Why would he say he is going to Persue liquidators while he still had the option to negotiate with Bidders, why not say you are persuing that instead? You NEVER say you are liquidating unless the judge and your creditors have the proverbial gun to your head!!