BioAmber Inc (fka BIOAQ)

[TenKay]

"I think today proved that longs are holding and the float is pretty thin."

I never underestimate a penny stocks ability to ride on air. I have seen suspended stocks trade on the grey market awaiting INEVITABLE revocation and for some reason there are people that will still buy them. But at the same time that is never sustainable over a longer term.

"This is trading on the possibility of a RM."

It is trading, in part, on the "hope" of an RM...there is no reasonable possibility it will happen for many reasons already listed. Many are also sitting on losses and are willing to "ride it out" instead of preserving some capital prior to the share cancellation.

"Seriously though, do you believe this entire transaction is for $4.3MM?"

Yes, because that is what the documentation says...like it or not.

"That just doesn't add up."

I realize the need to find some hidden component that will "make sense"...but it is a liquidation bankruptcy...they are brutal.