My 2 cents is we will have to wait for a deal to be accepted and PR'ed for the final PPS. Until then, the price fluctuations will continue hopefully with a continued upward bias with big buying and big shorting. As far as Oracle is concerned their filing was in the wrong court, it was probably was a late filing against assets IMO. They may still be involved in Canadian Court with a sealed bid along with many others but I would think Petro and Ag companies are better suited to bid on this. The best outcome from my viewpoint would be the company accepting an offer right away that allows a larger more prominent corporation to takeover controlling interest in this business, maybe giving directors and employees positions with some employment / salary guarantees. The only way the company gets liquidated is if they try to turn a profit on their own in the next few months and they fail. Then, that asset liquidation would have to include the extra losses from the dip and continued negative operating expenses. IMO, because these guys were a "Green" startup receiving big subsidy infusions from the Canadian Government maybe they just never felt any pressure of having to become cost efficient. With the plant running correctly they said that they would be profitable against petroleum based bio-succinic acid manufacturing if OIL was @35. and Corn bushel was $6.50. So if the plant is run correctly there should be plenty of profits going forward.
