BioAmber Inc (fka BIOAQ)

[kevroc]

an idea just struck me...

What if the major $BIOAQ players conspired to drop share price down to a penny so they could soak up as many as possible? And let's say they manage to accumulate 60M shares at ~ .01 (or ~$600K).

Then, let's say they offer $1.65 (PWC valuation), but they already own 60M shares, so they only need to pay off the other 69M shares to the tune of $113,850,000.00 (plus the $600K they paid for penny shares). They wouldn't need to pay themselves for the shares they've accumulated cheaply over the last several weeks.

That works out to about $100M savings, in this scenario.

The holders that are refusing to sell are probably the fly in the ointment to the top bidders. And what if a couple top bidders have fractured this plan? The losing bidder would make a profit on the payout of the winning bidder.

$BIOAQ makes my brain tired.