BioAmber Inc fka BIOAQ

[Longstrongsilver]

As with most things the truth usually lies somewhere in the middle.

First off they couldn’t have bought the whole company “on the open market” for anywhere close to that. You didn’t factor in that many /most of us had no intention of selling our shares till news. Even if that’s a bit of bravado I can 10000000% guarantee you I wasn’t selling 1 share without news for anything less than 10x return (and even then just a small portion of them to recover investment and some profit). No it would have ended up costing them at least $1 average per share.

More importantly any GOOD THINGS that are coming or aren’t , always were or weren’t . Of all the frustrating tripe on here the worst is the contention that someone wouldn’t buy this “now”. It’s absurd. The deal was all worked out together. At the same time , while I wouldn’t refuse that payment, I can for sure see the argument of $540 million in cash being a little unbelievable . Since the beginning I’ve stated $1.41. There was no crazy calculation to this . I’ll admit that exact number is nothing more than a feeling. However it is a feeling based on the stated FMV of the physical assets etc at a discount then fluffed back up with intangibles like contracts etc (still at a discount because regardless if it’s EXCEPTIONAL or not it was a Liquidation).

The DD crew has inarguably dug up a ton of information so again I won’t argue with how they came to their number. What I will say is I could far more easily see a share swap that would get “valued” at about $4.17 (or more) that would still follow the narrative perfectly while not costing the company hundreds of millions in cash but rather just some small dillution in the the form of new shares (they are stakeholders too so shares in lieu of cash would also be in their best interest).

At the end of the day all that matters to me is that the documents when read as a whole (rather than word plucking like the cancel fantasy) clearly show $4.3 isn’t ALL of it. To say otherwise at this point is an OPINION ONLY no more/no less valuable than mine (read LESS value as GOOD THINGS COMING opinion is at least based on the documents as a whole whole cancel fantasy is merely word plucking). GLTUA