BioAmber Inc fka BIOAQ

[bioaq_sh]

"PTT Global only thought about buying the assets" and expressed that "thought" via PWC's sealed bid process. PWC broke the sealed bid's protocol by revealing the bidders prior to the deadline.

PTT's $USD 40-60 million bid = $CAD 53-80 million
Bioamber's Debt per PWC's creditor's list: $CAD 63,224,024 = $USD 46,861,947


Greenfield's bid of $CAD 15-30 million, if combined with $CAD 20 million from Bioamber's checking $USD 1.9 million & receiavbles $USD 14 million, would've at least satisfied the secured creditors.


Regardless PWC broke protocol, revealed two bidders prior to the bidding deadline resulting in LCY (KKR) & Visolis getting their bid in and I as other bioamber shareholders believe good things are coming & waiting.


For reference purposes only:

June 17, 2013 - June 17, 2013 - Myriant Corp., a global renewable chemicals company, has announced the successful start-up at its flagship bio-succinic acid plant located in Lake Providence, La.


August 21, 2018 - August 21, 2018 - PTT made following investments in Myriant: $60 million in 2014 and $ 6.15 million in 2017. Myriant restructured its operations beginning of 2017 from producing biosuccinic acid towards R&D. Myriant officialy changed its name to GC Innovation America on 1st August 2018.


Feb. 2, 2021 - Feb. 2, 2021 - Stepan Company reported that it has closed on the acquisition of a fermentation plant located in Lake Providence, Louisiana. Financial terms of the transaction were not disclosed. "Fermentation is a new platform technology for Stepan Company as we look to commercialize next generation surfactants. Bio-surfactants, produced via fermentation, are attractive due to their favorable biodegradability, low toxicity, and in some cases, unique antimicrobial properties," said F. Quinn Stepan Jr., Chairman and Chief Executive Officer of Stepan Company.