BioAmber Inc fka BIOAQ

[trader59]

Welcome to the new, improved, BIOAQ bagholder's exchange program!!!

NEW AND CURRENT INVESTORS OF BIOAMBER, IT IS PRETTY CLEAR WHAT IS GOING ON HERE IF YOU READ THE INFORMATION BELOW

Just in case this is too long, this is at the bottom:

Here's the most important thing: If anybody really believed the fairy tales about a buyout or a super secret side deal transaction that the monitor and 2 federal judges have not disclosed, would there be such a flurry of activity at the 11th hour to preserve a PPS? If anybody believed in those fairy tales, would there have been over 1M shares for sale on the ask on Friday? If the fairy tales were even remotely true, the PPS yesterday, today, tomorrow would be irrelevant, wouldn't it?

Undoubtedly, the step change in activity has led to curiosity. Perhaps it's:

1. The very fact the deadline for objections to the Delaware Bankruptcy case for BioAmber that will end it is November 4th, today
2. The very fact the stay on the "settlement" for the securities fraud case is expired, and it will be shown that BioAmber really doesn't have a plug nickel to pay towards this settlement
3. The very fact the vesting order from CCAA awarding the Sarnia plant and property to the Joint Venture is now denoted on the title, meaning that fairy tale about ownership is only 1 step (clearing of the liens) away from ending

Ignore the cobbled together screenshots that will wear out your scroll wheel and accept that the monitor and judge are telling you the whole truth. In bankruptcy proceedings, you don't have to "dig" at all to know what's going on, just have to read what the monitor/trustee publishes and review the court documents and orders from the judge. This isn't an Easter egg hunt, if there's relevant information, it would be in a document submitted to or issued by the court, period, and you won't have to sift through online resumes to figure it out.



Truth: The company really was liquidated for $4.34M. It is said directly here by a federal judge (don't skip over any of it):



If there had been an offer of $XXX million made for the company, the monitor and 2 federal judges would have said so clearly and directly. They haven't, not one single mention of any other transaction, just the liquidation of the assets for $4.34M. That's the truth and an undeniable fact.



Truth: It is really an out of business, empty, debt ridden shell company. The judge over CCAA said so, see below:



OK, so I get that the desire is to focus on a few words from the paragraph, but read it all. It says there is no further restructuring coming, everything has been sold, the employees gone, and there isn't any money for continued operations.

That's really enough, but I'll add the below anyway. The 10th monitor's report was done by the monitor when they were annoyed by questions and social media theories by shareholders about the company somehow surviving the bankruptcy and/or being bought. They took a swipe at all the BS with this, and please pay attention to paragraph 19:



Here's the most important thing: If anybody really believed the fairy tales about a buyout or a super secret side deal transaction that both the monitor and 2 federal judges have not disclosed, would there be such a flurry of activity at the 11th hour to preserve a PPS? If anybody believed in those fairy tales, would there have been 1M shares on the ask on Friday? If the fairy tales were even remotely true, the PPS yesterday, today, tomorrow would be irrelevant, wouldn't it?