Replies to post #44322 on BioAmber Inc fka BIOAQ

[dragon52]

I wouldn't have to ask if that be the case... lol
"Ask yourself, how could a company that will no longer exist be forced to change a name. That doesn’t make sense.

However...

Fortunately, BioAmber is not yet dead and gone. Fat Lady ain't sung yet.

Have you ever heard of "Hostile Take Over"?

This is a forced merger by taking majority of the assets and property, tangible and intangible... and imo, stock included (under personal property).

Warrants that may have been issued, may have been cancelled, not sure but if this a Hostile Take Over situation, they might just be voided. Risking paying 2x - 3x strike price not knowing if you will make anything is truly gambling.

I have looked around but did not see anything about preferred stock. If not mistaken only common stock was issued. If that be the case, whoever has majority of them wins control. So, if NEWCO (Visolis) bought out the unissued stock and some of the O/S, giving them majority, along with the rest of the assets, including the patents... One would think that this company is not yet dead, as far as shareholders are concerned.

If BIOAMBER INC does not want to change the name or yield to the NEWCO, will it matter? They would have nothing left, but only a shell. Remember the management including the BOD have resigned, and no one is in charge or left to make any decisions regarding what to do in case of... That imo is a big problem for BioAmber Inc. Thus, imo again, the US Court will side with the Canadian Court system since no one is casting a vote to abstain from any actions forth coming.

So if NEWCO aka Visolis owns majority of the stock in BIOAQ, and makes a command decision to change the name, so be it. Majority rules... very democratic, don't you think? Is BioAmber going to object? Heck no.

Once all is exposed as to whether or not NEWCO aka Visolis controls the stock, we will know our fate.

Another hidden reason why to keep a majority... Visolis has registered in Canada and can do business and maybe even trade on their exchange. That doesn't mean automatic entry into the US market. Making the shell current in their filings, merging into the shell and having control, can they apply for a name change, new CUSIP and with their clean slate start, could even apply to Nasdaq or NYSE shortly thereafter.

All this of course is jmho...