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Think the courts will update us before tomorrow?
Good to see the strong positive day.. Hold strong
After reading BFTun...'s link from Pwc, where can we find value? Pwc stopped trying to find value in the contracts and the NOLs, unless R/m, will actually be worthless I believe. Any insight? I'm relatively a rookie so any insight would be very helpful
I read this and it says almost all of the petitioners assets have been sold for 4.34 million and nothing more. This does not seem like a good thing.. Any insight? The contracts were said tonot be worth continuing to find value of.
I would think the Monitor would also act as the BOD given its extended powers? In the best interest of all stakeholders would include us
Happy Saturday Longs and Cancels.. One week left until we all have more clarification. A 70 day stay, I'm sure a lot has progressed since the last monitors report. Short time will tell, cheers to the future
Is bioamber biochem part of us (as shareholders)? It was not listed as part of "the Company" in anything ive read.
I was asking if the source can be verified as trustworthy. Not whether or not the events have taken place YET.
I'm referring to the link posted by jcr. If you click it it says bioamber has been acquired. I'm just questioning the accuracy because it also says "update profile "
How reliable is pitchbook? I habe neverheard of it before. It does say merger/acquisition for Nov 2018.. Next to it, it says completed. Anyone trust this source?
My apologies everyone, shouldnt have trusted a suspect source.
Dear cancel assumers, who would like to explain why BDC Capital gave another loan of 8 million while still being owed 10 million? Simple answer.. They either are a part of "all subjects to the kerp charge jave been paid" or they know enough that they will be paid as part ofthe restructure.
Is anyone going to the may 24th hearing? If not, i Will make the drive out to montreal and keep everyone informed!
Would you care to explain the year worth of stays for the visiolis transaction? That seems like a sale Bioamber could have made themselves if its as straight forward as that. A year of paying PwC to monitor seems detrimental to the stakeholders if nothing else comes from this.
So Bioamber could restructure and become a valuable part to the JV
I provided correction but you understand that 3.5 million is actually 350 million. Obviously not gunna be sold seperately, however a minimum DTA of 14 million carryforward isnt a bad start
350 million*** and because all charges owed to the kerp is paid..
3.5 million times 4 percent is still 14 million.. 14 million divided by 130 million equals 10.7 cents. An easy 5x at minimum..
Does this mean our 130 million shares Will be transfered into .006% of lcyb common shares when created? Or they Will be terminated. Both sound not good
I thought the end of stay was may 24th?
Bids back to .014 tho
Did LCYB buy the trademarks to use bioamber in the name?
Bioamber biochemicals is a new name, first im seeing of it. Good sign and good find CSCS
I believe 46 million in accounts recievable is still there
Can you explain CSCS's screenshot showing separation of debts via contracts?
Okay so the debt is separated from Bioamber shares by sale of Bioamber Sarina (estimated for 44.3 million total(remaining liabilities plus 4.3 million for purchase). Were the account receivables sold? Because i believe I read it was around 44 million with the trailing revenue. So it seems the 80 million of debt is insignificant of both a plan of arrangement or an individual business approach. Any thought on my basic math skills?
Where can I find the bid summary?
Along with continued talks for contractuals rights, employees etc. Soo 4.3 mil isnt the end number. CCAA proceedings have not been completed. Plenty of room for that number to grow..
There has been a link posted that chapter 11 was terminated. So it must be a restructure?? Seems pretty simple
650,000 was one transaction. Someone sold 650k, someone bought 650k all at once. Potentially the same person, or potentially someone who attempted to drive the price lower with a high volume trade early on. Did work much if that was the case
#FearTheQ
I did read it but the company mentioned, I am not familiar. Also, I'm 24 so my experience with strictly worded documents isnt the best haha but still have over 3k in this stock alone. Must have some sort of confidence in the DD presented right? Haha Bioaq strong
What is the amended statementof beneficial ownership 13d mean? Why would this form be filed with the SEC unless something involving shares was happening? (2/19/2019)
Added another 75k
Correction, NWGFD
New ticker, NWGDF i believe
Are you saying PwC dropped the ball?
I have been following for quite some time, some of the information provided by the "shares are safe" side seems, inarguably, pointing to such. For example, KERP charges. Can you disprove that these charges infer a reconstruction?
I will say, you have me contemplating. However, I feel as though there is too much going on to believe that this is a simple loss of shares. I trust PwC and the process that is occurring.
I certainly never knew of them before this company. I had originally invested because this stock was worth 40$ at one point. Trading for pennies now I thought of it as a sure thing. Maybe I will get lucky on this one haha