Replies to post #49489 on BioAmber Inc (fka BIOAQ)

[VivaLasVegas]

Sorhay/Other braintrusts: NOLs are wasted thrown away if current shareholders (commons) are not left intact, correct?

[Brucebannerr]

Wow totaly clueless . The monitor is in complete control of the debt ridden shell . Did you miss the part were everyone else resigned . Did you read the report ? They still are trying to collect on accounts recievable. And also trying to dump the worthless inventory and some office furniture. Then the monitor has to divide the meger chump change they got between a couple creditors . Only then will he be through with the liquidation process. Thats what the extension is for . Then he will dissolve the corporation and be done with it . The deal with lcy bio has closed all money has been paid they are done and gone . You wont hear another thing from them . They are a private Canadian company . They dont do press releases. They can do a private equity raise anytime they want . There is no ipo benefit. Bioaq trades on the otc . They dont do ipo offerings . It would cost 20 times more money to reverse merge then the fee to trade on the otc . Then they take on all the remaining debt . What around 70 million of which 4.3 has been paid . Your common sense was telling you the 4.3 million dollar sale was wrong . You were dead wrong on that .

[amc]

PWC's only concern was to keep the plant running, personally I think they should be sued for creating false hope with their valuation and qualified bid comments, very misleading.

[SunshineSmiles]

To say your thinking is totally wrong is wrong.


Visolis asset purchase agreement includes trade secrets, patents and R&D breakthroughs as well as Visolis rolling in their own proprietary technology into LCY Biotech the newly created company in Canada.


This lowball offer makes me cautious though. This lowball offer is part of a master plan yet it shows Visolis is willing to lowball to get what they want.

Dangerous!