BioAmber Inc (fka BIOAQ)

[toncatmad]

I believe that the numbers being shipped are correct as why wouldn’t they be.
There is only 2 plausible explanations for the extra production. That is that either LCYB has retro fitted a second plant and is producing on their own or they have licensed the tech to someone close who is tolling for LCYB.
One thing is for sure and that is it has nothing to do with BioAmber or it’s former shareholders. Right in the court docs, monitors reports and even BioAmber’s own SEC filings it’s plainly stated that only one plant was ever built. The judges, monitor, creditors and shareholders sure as hell didn’t miss a second plant and a second plant was not “hidden” from the public by a publicly run and owned company.
Now LCYB on the other hand has ZERO reason to report to the world what they do in anyway. LCYB with KKR’s and LCY’s financial backing sure as hell could have retro fit a plant or have licensed their tech to someone to produce it for them. This could be why it was stated that millions of dollars was spent by LCYB retro fitting the plant and getting things up and running in Sarnia. LCYB would be under no obligation to announce any of it publicly either.
So why not just call up old Dexter in Sarnia and ask him how they are producing and selling so much BIOSA maybe they will tell you and maybe they will have no comment. No matter what at the end of the day this will have nothing to do with former BioAmber shareholders as always. This will just be another in a line of BS theories that ends the same way with former BioAmber shareholders still getting nothing