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I’m just hoping to get some more cheap shares before it’s too late
Feeling good! BIOAQ!
Anyway, I appreciate all the info you guys post here. Thank you
Ok, I’m not trying to be argumentative here. Just want to understand. To me that document is saying we the purchasers want to use the name bioamber and we don’t want you the seller (vendor) to use it anymore. So that would seem like they just got the assets and want to run the plant and use the bioamber name?
I get that they would want to change the name. But that document is saying they want the vendor to stop using the name bioamber. If they were acquiring the shares and doing a RM they wouldn’t have to request the vendor to change names they would essentially become the vendor and then change their own name? Right? Am I misinterpreting this?
But if they were buying everything and acquiring all the shares what entity would be left that they were trying to keep from using the bioamber name? Am I misreading that?
I wonder what the other forms of payment besides up front cash are. I don’t see anything about that, but the monitor mentioned that the up front cash was increased, so there is some sort of contingency payments?
If the dip goes below a penny I’m loading up
Yeah, I just don’t understand why he would make that announcement. After being quiet for so long. Why not just let it come out in the monitor report?
Yeah, I just don’t understand why he would make that announcement. After being quiet for so long. Why not just let it come out in the monitor report?
Ive only got one last move left to make. Going to hold out for sub penny buy opportunity and hopefully make some money back.
for better or worse, I can't wait to see what the monitor report says. Very curious
I wonder if PWC will post something after hours confirming the PR
Is there going to be an EOD dump by flippers?
That kind of bluf or threat probably wouldn’t work, the bidders know the court would force them to accept the best offer if it was even a little higher than liquidation
Maybe they were actually thinking of anyone who would have bought today at the higher prices.. hurt us. saved them.
The only way this is true, and happening is if the bids were less than what liquidation would be. Cant really see how a bidder wouldn't know these numbers and why bid lower than the bare minimum liquidation price if you know it won't be accepted?
Has anyone tried calling PWC?
Dead cat bounce possible? They still have to cover right? Anyone with experience in this?
So they can buy twice as much at .0035?
BIOAQ Any chance for a dead cat bounce down here?
It’s drying up, here comes the squeeze
pretty good resource if you want to learn more about CCAA process
http://library.lawsociety.sk.ca/inmagicgenie/documentfolder/ac4669.pdf
I like the logic behind this. It makes sense. However it has also been ten days since the last report came out. Still a good sign though!
Hey I liked the estimates and valuations you posted before. Did you include the DIP loan in liabilities.
The point and idea behind a CCAA is for the company to get the most value they can by allowing them to continue as a going concern. However existing shareholder lose certain rights during a CCAA. We may be given a voice or vote in the matter but we may not. Hopefully the courts look out for us and acknowledge there was equity left in the company, equity that belongs to us. Now here’s a risk.. the Canadian courts and CCAA seem to put a priority on the health of the company and its employees, they want the company to continue in some shape or form. If a lot of outstanding shares owned though maybe their perception by people just trying to make a quick buck are weighing down the company’s chances of continuing.. they may not be sympathetic to us in the form of whatever restructuring occurs. Now hopefully there is just a straight buyout, I’m assuming that’s an option (many here swear by it) that would probably end up great for us.
I think the best thing BIOAQ has going for it throughout the CCAA process is that they entered CCAA because they couldn’t pay their bills. If it was a case where the liabilities outweighed there assets we’d be in trouble, but it appears this is not the case here. From the research I have done this is a lot rarer of a CCAA situation. Now in my opinion we are still (I own shares too) taking a risk that there is some sort of restructuring or financing that occurs that leaves out or rips off shareholders. It doesn’t seem fair to me and common sense tells me this wouldn’t happen, however life isn’t always fair and common sense doesn’t always prevail. This is pretty much the bottom line on this investment, risk/reward. I’ve been trying to find historical examples of outcome when strategic buyers are involved with companies that are in CCAA that have assets outweighing liabilities. That would be some valuable DD.
So they are in the Canadian equivalent of chpt 15? That’s why OS can’t change?
I thought you said the bankruptcy was dismissed
Past performance is probably less relevant than other factors I agree, I was responding to someone else’s comment there.
It was at .40 for quite a while before they delisted... and all of those historic SPs your quoting are not taking into account the dilution. There were only 35mil OS to go along with that first SP you listed. Not bashing, just keeping it real
I own 320,000 shares and I have been in bioa since last February. I’m just trying to have a r all conversation and look at all angles. No need to challenge my “guts” here.
What I was referring to as not good was the question if I had seen or knew about this last quarters financials.. which is probably supposed to be a rhetorical question. However the monitor reports estimated and then actual sales etc... so you can look for yourself there. That’s factual. Not just throwing things out there. Like 2.00 dollars!!! Because yes we are all here to make money.
Is it? Do you know the details of the bids? No. And don’t you think the buyout price will be partly based off past performance ? I’m not bashing relax. I think we have enough people here saying 2.00 dollars .. I want my two dollars! Let’s not put ourselves in an echo chamber
Yeah, basically look at the monitors report. It’s not good
And also buying a company that has never turned a profit
What do you think the price will be on the 30th
Thanks for the response. I appreciate it.
BIOAQ: Do you see any scenarios where existing shareholders receive nothing after the CCAA process is complete. And what do put the chances at something like that happening? Thanks
They have never made a profit. I’m not saying this is a bad buy. I’m just tempering the ideas that this was a company that was doing really well.