Replies to post #23165 on BioAmber Inc fka BIOAQ

[billy spec]

ceo bought shares because he knows bids will be higher than stock price, see you at 1.00.

[Penman1]

Is Judge Michel A. Pinsonnault female? This is the Canadian Judge who will be ruling on the matter.

If you're referring to Judge Laurie Silverstein, she was the U.S. judge who docketed the BK filing, and later dismissed it. As far as we know, Judge Silverstein is not part of the bidding process.

[Penman1]

I would hazard a guess that Canadian insider trading laws are different than they are in the U.S. Mr. Eno got his shares before the CCAA process kicked in, certainly before the first PWC report. It's possible that a "fix" was in the offing. The BoD went to a lot of trouble to get bridge financing (~$3M), but it was Comerica that created the current situation. Can we actually think that Canada, Cargill, Mitsui, and the Bioamber BoD was going to allow Comerica sabotage all their hard work? It's possible that the BIOA BoD already had a viable solution BEFORE this process started. Noting that Bioamber MN offices are just few minutes drive from Cargill's HQ. At least that's what Mr. Eno's 500K stock purchase signals to me. At the very least: a confidence builder signalling the sustainability of Bioamber. By the way, personally, I think the expected future value of Bioamber over the next 5 years is at least $12/share (or more), so Mr. Eno stands to make a few bucks, if this is the case.

[BearcatJohnnie]

CEO has an option to buy stock