Replies to post #45299 on BioAmber Inc fka BIOAQ

[kevroc]

hilarious!

Now that will be stuck in my head whenever someone posts that Bioamber BIOA sold for a total $4.3M.

I'm thinking Bioamber Inc sold for 1% of the total package.
Them's good numbers!

[TenKay]

I agree wholeheartedly that the $4.3 million seems to be ridiculously low given that Nexant had the scrap steel value alone in the $7 million range.

So on some level I totally get the reluctance to accept it for what it is.

But there could be a lot more at play. An additional payment in the $4 million range was made to the secured creditors by Mitsui on top of he purchase price. There could be some level of additional support going to this in order to keep the plant operating for the employment and local economy. Perhaps significant tax breaks...we don't know.

[motorcityAce]

Well thats right... Im one of those people laughing.. There are alot of us laughing.. Do you know why ? Because we all know what the plant cost to build.. And thats only the plant.. I will tell you who else thought like that...

The other 2 bidders...lol.. They low balled the price and see where they are now... All pissy and mad because they bid low.. No ones fault but there own.. On the other hand .. The Leading Bidder bid Above the average prices.. We know this from reading PWC documents..

Only ones gonna be made here are the ones that didnt by...

See how low volume is .. Cause we all holding for our pay day..

3 to 4 weeks and we all will be happy.. Large sums of money for everyone... Well only the ones who bought...

IMO.. Good luck to all .. Now is just a waiting game..