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You're trying so hard.
It's so obvious.
DO GOVERN YOURSELVES ACCORDINGLY.
My best suggestion is that if you ever find yourself in an interrogation room, just ask for an attorney and don't say anything! The more you debate the easier it gets. Let's explore this gem:
"I know for a fact I won’t get burned. - toncatmad"
"I know for a fact I won’t get burned. - toncatmad"
Looks like we're getting the old band back together!
You know, debating the outcome of BioAmber with the chances of being 95% right is a pretty weak position. That 5% will bury you every time.
After all this time, the fact that we're all still here singing the same song is more than enough evidence the situation is well within the 5% zone.
DO GOVERN YOUR WRONGNESS ACCORDINGLY
VISOLIS, LCY CHEMICAL CORP, LCY BIOSCIENCES, AND KKR
BioAmber completed the CCAA proceedings (Companies Creditor's Arrangement Act), on December 23, 2019 upon the filing of the Discharge Certificate. Under CCAA, (Canada law, not US) BioAmber was not in liquidation, receivership, or bankruptcy. The monitor was PwC (PriceWaterhouseCoopers) with extended powers from the Canadian court, and facilitated sales transactions with Visolis and LCY Chemical Corp, which together formed the joint venture LCY Biosciences "LCYB", the designated purchaser that purchased and will now continue to operate the Sarnia plant.
LETTER OF INTENT FOR INVESTMENT IN BIOAMBER INC.
LCY Chemical Corp. itself was purchased by KKR in a 1.5 billion dollar acquisition.
DO GOVERN YOURSELVES ACCORDINGLY
Did you short BioAmber?
A simple, good faith question that someone who presents themselves as concerned with the truth should want to publicly answer.
DO GOVERN YOURSELVES ACCORDINGLY
Shareholders realize the continual arguments from "non-shareholders" are running dry, so you're really left with attacking shareholders themselves. We get it. However, I do agree with the following:
Someday everyone will see the truth.
This is the funniest thing I've heard all year.
They just disappear. - trader59
Interesting.
Gold Prospector: Hey, Mr. Lawyer, People on the internet keep explaining bankruptcy & Liquidation to me, but I don't understand and for some strange reason I think BIOAQ still exists and will magically send me money. Please make them stop explaining.
Lawyer: Sigh....Don't buy "Q" stocks about to have their ticker deleted. Duh... - Homebrew
My reasoning is easy to follow, notwithstanding the personal shots you like to sprinkle in with your opinions. And that is that open stuck short positions is the simplest answer. It "solves" a lot of the curiosity that so many shareholders have wondered about; why are there so many individuals still so engaged with BioAmber that seem hell bent on getting them to "let go", or "accept the outcome", etc. Further, why do they all have the same bitter tone, vitriol, and often what seems like outright anger and rage toward shareholders?
I have never shorted any stock, ever, and if I chose to do that, it wouldn't be an OTC stock.
Fine, then just dispel the myths.
Anybody that believes 5-6 year old short positions still exist on this stock needs to turn their investment portfolios over to someone that knows how to do it.
Just a second!
You just said this is a public board for discussion as your entire premise, and yet here you are now saying that if anyone posts anything that you deem "BS" or "tripe", that they should leave and go somewhere else!!!
This is a public board for discussion. - trader59
If you want a vacuum to post that tripe in, suggest the discord/facebook/reddit boiler room that was set up to fabricate the fairy tale of a buyout and isolate the con game marks from the truth to the extent possible, you'll get all the amens that you crave. - trader59
FACT: Shares have not been cancelled.
You need to read this as well:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173116628
Posting up stupid stuff makes those who do it look stupid, whether they get that or not.
One has a sneaking suspicion you have been tased at some point in your lifetime.
NO ONE GIVES A FUCK IF YOU KEEP YOUR SHARES, TAKE THE TAX LOSS OR USE THEM AS PAPER TOWELS. - Lifetime
GET IT?
No.
All that need be done to close any real short position held in this stock is to provide evidence to the broker that the stock is dead.
FINRA's action to delete the ticker and suspend the CUSIP for bankruptcy liquidation is ample evidence that the stock is dead.
Evening Hulk,
Question of the year!
What do you suppose the vested interest equation is for all of our non-shareholder colleagues?
Bioamber CUSIP# is 09072Q106
You can't dispose of the BIOAQ stock because you can't buy or sell without a CUSIP number. - I-Glow
The only thing you can do is file a worthless stock document and your broker will give you between $0.01 and $1 for all of your shares. - I-Glow
Unless you do that you can't use your stock for a tax loss. - I-Glow
Sorry to break the news to you, Champ, you have precisely zero idea what my theory is, although it's good to know you were able to summon the courage to clarify your previous statements and give the date of 2016 as what you consider the "start". I wouldn't want any mouth breathing barn dwellers speaking for me, either.
In regards to PTT and Greenfield, nobody is going to do your DD for you, it is well documented what PTT's response was to PwC "accidental" disclosure. Still, that particular event is just one potato in the 500 lb sack of all things BioAmber, it's worth taking inventory of it, but there is a far bigger picture at play.
DO GOVERN YOURSELVES ACCORDINGLY
Do you all meet in a barn in the middle of a cornfield somewhere?
Since you've taken up the role of being the mouthpiece for your colleague it sounds like what you're claiming by "management fraud" that "started this mess" is the pre-Eno class action. Embarrassing. If your team would pop their heads out of the barn doors every once in awhile, you'd know that PwC has been accused of fraud and some individuals place the "start of this mess" at the moment PwC put their hands on the file.
One of the most obvious events is PwC's "accidental" disclosure of bids from billion dollar companies PTT and Greenfield.
DO GOVERN YOURSELVES ACCORDINGLY
There you have it, folks.
When pressed to clarify and expound on their claim, they ask you to support it with a valid source.
Nobody is going to work on your claim. You said it. You back it up.
You said there was accounting/management fraud. You, therefore, support it with something else other than your own ambiguous words. Attempting to compel third parties to justify your statements with dubious and vague responses such as "it's out in the public arena", is embarrassingly elementary.
With all due respect, give the keyboard back to your dad. This is Logic 101.
DO GOVERN YOURSELVES ACCORDINGLY
Actually no, not "however you want to look at it".
Ignoring the accounting fraud that led to the start of this mess, or management fraud, however you want to look at it. - TheRealMrPirate
Are you seriously suggesting to shareholders that they can take a tax loss and retain their shares?
You do not "forfeit shares" when you claim a capital loss. - TheRealMrPirate
You are deeply delusional if you think anyone believes non-shareholders would waste 5 years of their life debating the same talking points ad nauseam for no potential material gain.
Intent.
DO GOVERN YOURSELVES ACCORDINGLY
Are you listening to yourself?
A broker will close a position, short or long, when presented evidence that the stock is dead. - trader59
The court records, the 8K's issued by the company and/or monitor about the liquidation, FINRA's action deleting the ticker and suspending the CUSIP because of that liquidation, heck, the state revocation of the issuer's corporate charter, are ample evidence that the company is dead. - trader59
Yes, the fascination with shareholders' "state of mind" is definitely a curiosity.
Your psychosis is a morbid curiosity for me. - FatStrat
Take it up with your broker. There is nothing shareholders can do for you.
Or is there? Why would you ask or suggest to shareholders to forfeit their shares? Is it because your broker needs shares to release the funds being held as collateral in your open and stuck short accounts? How much does it cost to keep those accounts open anyways? Shareholders enjoy not having to pay a dime, but just curious, does your broker charge you monthly for those open short accounts, or is that like a yearly fee? How does that work? Those fees certainly must be annoying. Must be where all the scorn and vitriol for shareholders comes from. Especially after five years.
That's a long time to be sniffing the pants of shareholders.
DO GOVERN YOURSELVES ACCORDINGLY
FINRA suspended the CUSIP.
"The CUSIP number was canceled. - I-Glow"
What is the CUSIP number?
There you have it, folks!
I've explained it many times, no longer am I explaining anything.
I'll respond when I please. - TheRealMrPotato
We all look forward to your silence.
I've explained it many times, no longer am I explaining anything.
You do not know what you are writing.
I've stated many times on this very board, if you don't know what you're reading, seek the advice of a professional who can explain it to you.
9th Report - Section 26.- : Relating to BioAmber Sarnia Inc.
Everyone knows what happened to the operations of the company.
Further monitor reports also clearly state that the "sale of the company" nor any of the subsidiaries did not progress.
There you have it, shareholders.
Do not take the tax loss!! - Real McCoy
You may only deduct 100% of your stock losses if the losses stem from a company that went bankrupt so the stock is now worthless. You can't deduct 100% of the losses if there's any possibility of the stock having a positive value in the future. - toncatmad
A few questions.
Don’t take the tax loss. It’s 5 years old anyway.
It was the CCAA process.
They also had the opportunity to object to the sale of the assets, but they didn't. Unlike the equity holders, they understand the bankruptcy process...
Taking possession of their collateral would have ultimately cost them more money.
The creditor's decided what was acceptable, it was their money owed & their money on the line.
What outcome?
Would that be the "sale of the Company" or the "sale of the Company's operations to Visolis and LCY"?
If you have an issue with this outcome take it up with PwC. Maybe give ol' Marc Duchesne a shout out. He was closely involved in the restructuring outcome of BioAmber Inc. (where the shares are). So strange he didn't list it under liquidations. But don't take my word for it. He'll tell you himself.
He might even file that paperwork for you to release those funds being held by your broker as collateral in your 100% stuck short position.
DO GOVERN YOURSELVES ACCORDINGLY
Classic.
Someone here will do so. I’m not going to hunt around for it.
So you're admitting your entire argument rests on you "recalling".
I'm afraid that's not going to quite cut it. As your Lifetime friend would say, "Prove it".
Prove the 3K.
DO GOVERN YOURSELVES ACCORDINGLY
EXACTLY!!!
You jokers can't even get out of your own way.
Prove the 3K.
DO GOVERN YOURSELVES ACCORDINGLY
How do you know?
There are reports of hundreds of thousands in short interest that is still open.
DO GOVERN YOURSELVES ACCORDINGLY
Take it up with your broker, Joker.
DO GOVERN YOURSELVES ACCORDINGLY