BioAmber Inc fka BIOAQ

[Koan]

Evening Hulk,

Question of the year!

What do you suppose the vested interest equation is for all of our non-shareholder colleagues?

Since the jackals and hyenas are forever and indefinitely sniffing the pants of shareholders, let us all look forward to the keyboard gymnastics that are certain to follow.

Given the time spent and sheer amount of non-shareholders howling at the moon, one starts with the simplest answer. There are stuck short positions and their brokers require shares in order to close out and transfer funds to those account holders. In the meantime, said broker is holding their funds as collateral. Albeit, they are holding those funds for a fee, since the broker is owed shares. No doubt any brokers who had shares in their inventory already exhausted those shares in order to resolve as many short sales as possible, but brokers are now left being owed shares they borrowed from actual shareholders. And since there has been no legal or regulatory event de facto determining BioAmber shares are worthless (for example, an amendment to articles cancelling shares would have done it, but did not happen), and since the shares are currently not publicly tradeable (FINRA suspended CUSIP# 09072Q106), short investors and their brokers are left with only one current pathway to acquire shares. Drumroll...

Shareholders voluntarily forfeit them.

Now, depending on when any short seller entered the BioAmber scene, they likely short sold at a PPS of anywhere between ~65 cents (entering a position in mid-to-late 2017), all the way down to roughly 5 to 11 cents (playing the "Q" stock game, coming on the scene between May - August 2018). Most likely we're seeing so-called "Q stock players", since most of them warn against playing such a game (a sure sign it is precisely the game they are playing) and the bashing started precisely at the resignation of the board of directors, which is certainly the catalyst event that brought out the majority of vultures looking for a corpse to peck.

But the corpse didn't die.

Since a broker is going to charge interest fees on margin accounts, what this means is any stuck short positions will continually suffer from eroding funds due to the ongoing fees being charged on these owed shares. Fees, fees, fees. Oh those pesky fees. And that brings us to the most important value to enter into a "vested interest equation" for non-shareholders.

TIME.

Every second, every hour, every day, every week, every month, every year that goes by without BioAmber shareholders voluntarily forfeiting their shares reduces any potential gain for a stuck short position via interest fees, until presumably at some future point this value will reach zero. In short (pun intended), stuck shorters are watching their potential "gains" evaporate and erode before their very eyes.

Now, "they" will say there are no stuck shorts. Fine. "We" will just as easily say there are no stuck longs. How does anyone know? Round and round we go, one big gaggle of keyboard-fighters forever interested in BioAmber. Nobody is anything.

I digress.

The official (aka, legal) Discharge Certificate was filed on December 23, 2019. That started a legal clock. If LCY (or anyone) broadcasted any agreements to go public within five years, or otherwise execute on an "arrangement", what date would it put that occurring by?

Asking for a friend.

DO EXORCIZE YOURSELVES ACCORDINGLY