BioAmber Inc fka BIOAQ

[DonateLove]

Monday's Canadian holiday but PR by 6pm possible if mgnt is really eager to announce if they got a buyer today. Otherwise it is most probable an announcement would be presented next Tuesday since Monday is a statutory holiday in Canada. Bioamber stated in the last PR that they will keep stakeholders (especially the buyers of their product) updated on the progress.

I am sure they are waiting today to receive notification by 5:30pm from the monitor if they got a buyer because if they didn't they were court mandated to shutdown today. There is a probability that they ask for an extension of the due date if there were potential buyers really interested, even if they already got letters from others. The holidays on Monday in Canada and in the US July 4th can interfere further with the time needed by buy potential buyers to meet, discuss and come up with an offer.

I wouldn't expect an announcement by the monitor other than notifying Bioamber and creditors today and posting the outcome on his 3rd report to the court next week sometime between Tuesday and Friday. The stock will probably start moving on heavier volume ahead of that (most likely Tuesday) if someone from Sarnia or the companies interested shares some knowledge out.

Any heavy volume movement downwards today is not related with bad news because market closes before the 5pm deadline but it is because some daytraders or .005 positions think they are holding too long for the possible 300% upside just a few days ahead and are afraid they won't get a buyer for an almost brand new plant that happens to be the largest succinct acid plant in the world with partners and competition salivating all over it even before this convenient opportunity appeared.