BioAmber Inc fka BIOAQ

[Koan]

False Narratives and Phantoms

What has most likely happened is that someone has been able to represent themselves as someone from the company and gotten that info uploaded to Pitchbook in order to create a false "acquisition/merger" narrative.

It seems perfectly reasonable to accept the idea that the Pitchbook information is to be taken with a grain of salt, and that Morningstar's institutional data is somehow not complete or current to the date.

However...

Going that one step further and making the argument that someone is creating a false narrative requires additional reasoning commensurate with said argument, since believing that someone is creating a false narrative takes more suspension of disbelief than something more generic such as "the data is incorrect", etc.

It is all too easy to use the argument of "false narrative" and "phantom" information as an all-purpose duct tape to fix any information that does not fit our current view of the situation.

Because after all, we can simply use these same arguments to describe PwC documents, in particular that the purchase price is somehow not complete and is to be taken with a grain of salt.

We come back to the basic idea of what information is the most reliable. FINRA, SEC, PwC, and the Courts seems to be the go-to source for trusted information, and to date nobody, and no document has explicitly stated shares will either survive or be cancelled.