Cool synthesis of possible scenarios! This is quite possible although I imagine it was more lucky timing than diabolical schemery. Much more fun your way, to be sure.
One thought won’t leave me be, however. While many of the patents might not be useful, a stable and effective chemical process takes a TON of innovation to make obsolete. There are a ton of cleaning products out there that still can’t beat vinegar and baking soda with a chaser of hydrogen peroxide. Ask a room full of French chefs what to add to a good cut of steak other than butter and a pinch of salt and all you will get is an argument over whether a pinch of parsley or French tarragon is better infused into the butter ahead of time.
It will be loud and there will be creative swearing and familial insults involved.
From what little I understand of biochemistry, it takes a ton of fancy to beat a solid basic concept and BioAmber’s product is among the best for a reason. Ok, I’ll put the metaphors aside...
My point is, Sarnia with BioAmber may not be immediately most profitable but it is a fundamental proof of concept of high quality. It should continue to operate, the community needs the jobs and regardless of who runs it, the crown just wants Ontario to be small town sci-fi awesome. Thanks to PWC, that seems accomplished. Wreckage cleared, highway open.
Now, the million dollar question for us clowns still holding shares in our cold dead hands, does anyone value our contributions as shareholders? We can be proud of our contribution either way.
I can only think the little personal destiny we control is in figuring out by what mechanism the shares can be kept alive and then seeing if there is a pattern in the filings that supports it. It would SUCK to sell for pennies only to find out we were holding still relevant shares.
About 36 hours on the clock to figure it out before this becomes an expensive thought experiment with an emotional hangover...
All IMHO, but It. Just. Keeps. Bugging. Me.
