BioAmber Inc (fka BIOAQ)

[101King_Kong101]

I think today proved that longs are holding and the float is pretty thin.
The 7th monitor report would have deflated any other Q.
This is trading on the possibility of a RM.
Call it a fantasy all you want, the fact remains that the PWC specified an equity raise in play for one of the top two bids.
We'll definitely know when the PWC's allocation schedule is recognized on 10/31.
Until then, we only know commons aren't a part of the "up-front" cash allocations.

Seriously though, do you believe this entire transaction is for $4.3MM?
This is a 3 year old, world-leading SA manufacturer with current production and orders.
Comerica was offered $3.4MM to settle a few months ago...now they're fine with splitting $4.3MM among other secured creditors?
That just doesn't add up. IMO, there is a post-close compensation in the works via an equity raise. IPO or RM, we'll see.