InvestorsHub Logo
Followers 31
Posts 8590
Boards Moderated 0
Alias Born 02/17/2014

Re: motorcityAce post# 401

Monday, 12/19/2022 1:05:45 AM

Monday, December 19, 2022 1:05:45 AM

Post# of 592
There is nothing to think about. The entire fantasy about KAHC paying BioAmber shareholders was a complete lie. The entire more is coming to BioAmber shareholders is a complete lie.
It is simply not possible for BioAmber shareholders to be paid. BioAmber was liquidated and only received a fraction of what it’s debts were. That left their creditors impaired. Since there wasn’t even close to enough to pay the bills and shareholders are last in line they get nothing.
Let’s not forget BioAmber sold everything to LCYB for $4.34 mil and nothing more is coming. There is no secret deal as that is not how it works in the real world. A secret deal would be bankruptcy fraud plain and simple.
BioAmber has zero assets, zero employees, zero BOD, Zero business and about $60 mil of unpaid debt attached to it.
Since nobody is stupid enough to buy a shell with Zero assets and $60 mil of debt attached and with impaired creditors there is nothing that can legally be done with the worthless shares ever.
I really have no idea how so many fell for a scam that never had a chance of being true once the liquidation was approved and the deal with LCYB made. There are no secrets in a public company so what was reported by the monitor and in the court docs is all there is

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.