BioAmber Inc (fka BIOAQ)

[trader59]

No, I am not confused, so let me spell it out for you:

The whole company was liquidated. It owns nothing whatsoever of value. There are no business operations at all for BioAmber, Inc., nor any of its subsidiaries. They made that “clarification” about the shares of BioAmber, Inc., because there were all sorts of fairy tales floating around online stating that some secret deal had been made for the company (which would require the purchase of the common shares).

The patents were sold in the liquidation. Don’t believe it? Read the 6th monitor’s report, the list of patents begins on page 77, and there are 19 pages with 8 or so on each page. They’re gone and LCYB has everything they need to make the corn sludge. Really.

The NOL’s are worthless. The amount of actual tax savings from using them is less than the debt and obligations that would be assumed if they bought the company, and that doesn’t even count the purchase price.

BioAmber, Inc., and its subsidiaries, is now a bankrupt, liquidated, out of business, empty, and debt ridden shell company. LCYB has absolutely no interest in buying it, and it would be monumentally stupid for them to do so. Why would they even want to? It has nothing they need, and they sure don’t want the debt.

Any notion that anybody is buying this company is 100% fairy tale, and that is fact. BioAmber is a pump and dump.