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Replies to post #29503 on BioAmber Inc fka BIOAQ

Replies to #29503 on BioAmber Inc fka BIOAQ
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sodamnsane

08/10/18 12:24 AM

#29507 RE: rockettjay #29503

Purchasing company buys the debt. Why would that matter?
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sodamnsane

08/10/18 12:25 AM

#29508 RE: rockettjay #29503

Bioaq isn't purchasing the debt the acquiring company is.
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sodamnsane

08/10/18 12:26 AM

#29509 RE: rockettjay #29503

And converting it into common stock. Then dip and rip once transaction closes. Easy money
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Investoray

08/10/18 12:45 AM

#29510 RE: rockettjay #29503

There are different definitions of "insolvent". The IRS defines "insolvent" as having more liabilities than assets. So according to the IRS BIOA is not insolvent, because it has more assets than liabilities.