Replies to post #44955 on BioAmber Inc (fka BIOAQ)

[lineItemVeto]

Wonder if anybody asked PWC, or Vasolis, or LCY these questions? They might have answers

[TenKay]

What makes you think there is a “share transfer” to the new company?

There is not a single document disclosed that supports that notion.

LCY Chemical is a publicly traded company, if someone wants to buy their shares they can on the Taiwan stock exchange..

LCY Biotechnology is a private JV company owned by LCY Chemical and Visolis. Those shares cannot be bought publicly.

[kevroc]

That will not happen here.
The buyers have formed a private company and would need to do an IPO of their own shares before they could swap with BIOA.

LCY parent trades on Taiwan market.

IMO, they might possibly reverse merge into the BIOA shell in order to get shares trading on TSX and NYSE in a very short period of time. That means they MUST get the share price back over $2 minimum, maybe $3.

Once they have full control, they can authorize more shares, share classes, change the O/S... and basically do whatever they want.

Fun, huh? :-)