Replies to post #29495 on BioAmber Inc fka BIOAQ

[Mad Money Monkey]

Excellent! Just getting started reading. Thanks!

[sodamnsane]

That is a good read. What are the chances debt to equity conversions are taking place?

[sodamnsane]

Restructuring of the company resulting in major debt holders becoming substantial shareholders. Would make sense for the sell off

[sodamnsane]

Purchasing "fulcrum debt" sounds ideal in this situation.

[Mad Money Monkey]

Still reading, but I wonder if they may have an initial bidder, as related to the Stalking Horse bidding example in that doc?

The essential feature of a “stalking-horse” process is that the vendor enters
into a binding agreement of purchase and sale with an initial lead bidder. The
vendor will be obligated to complete the transaction with the stalking-horse
bidder unless a “superior bid” is received within the timeline for submission
of bids. The stalking-horse bid will constitute the baseline benchmark against
which all other bids in the process are measured. The agreement with the
stalking-horse bidder usually sets a minimum threshold for what will constitute
a “superior bid”./quote]