BioAmber Inc (fka BIOAQ)

[1manband]

Intracoastal owns no shares!

All they own is warrants that were issued as part of a financing. They SOLD every single share they used to own. All they have left is the warrants, which are FAR out of the money and will never be converted to common shares.

From the filing:

As of close of business on December 31, 2018, each of the Reporting Persons may have been deemed to have beneficial ownership of 11,223,344 shares of Common Stock issuable upon exercise of a warrant held by Intracoastal (“Intracoastal Warrant 1”), and all such shares of Common Stock represented beneficial ownership of approximately 8.0% of the Common Stock, based on (1) 129,450,655 shares of Common Stock outstanding as of March 27, 2018, as reported to the Reporting Persons by the Issuer, plus (2) 11,223,344 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1. The foregoing excludes (I) 725,774 shares of Common Stock issuable upon exercise of second warrant held by Intracoastal (“Intracoastal Warrant 2”) because Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 2 to the extent that such exercise would result in beneficial ownership by the holder thereof, together with the holder’s affiliates, and any other persons acting as a group together with the holder or any of the holder’s affiliates, of more than 4.99% of the Common Stock, and (III) 74,695 shares of Common Stock issuable upon exercise of a third warrant held by Intracoastal (“Intracoastal Warrant 3”) because Intracoastal Warrant 3 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 3 to the extent that such exercise would result in beneficial ownership by the holder thereof, together with the holder’s affiliates, and any other persons acting as a group together with the holder or any of the holder’s affiliates, of more than 4.99% of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial ownership of 12,023,813 shares of Common Stock.