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youngster-moon

01/21/19 5:37 PM

#57122 RE: Koan #57121

Greatly worded Koan, one can not compare BioAmber to any different bankruptcy on a positive or negative note, it is its own separate identity. This is why one must research BioAmber by itself, not comparing it to other documents or worded phrases. The documents hold the truth in this case

iamadog

01/22/19 12:55 AM

#57126 RE: Koan #57121

Wow that was a very concise way to activate my braincells . I saw the red flag at 4.3. Lots more going on and nothing is going to stop the facts or the fate. Faith doesn’t even matter. Eventually fate will be upon us. It is going to be very enlightening to say the least. Eventually there will be an outcome !!!

Chimer57

01/22/19 7:39 AM

#57127 RE: Koan #57121

Wow thanx for that, very informative, shall we call you dr. or professor Koan!!

trader59

01/22/19 9:20 AM

#57128 RE: Koan #57121

Well, here's what we know in the absence of a link that directly says "BioAmber stock will be cancelled."

BioAmber is bankrupt.
It is deeply in debt.
They put the whole company up for sale. Nobody put a bid in.
All of the operating assets were sold, including the factory that was the source of any revenue.
The monitor that is managing the proceedings says the proceeds from the sale of the assets (which is documented at $4.3M) will only partially repay the secured debt holders.
The monitor says there'll be no recovery to the remaining unsecured debt holders and no recovery to the common shareholders.
All that remains is to sell off whatever inventory remains and distribute the proceeds.
Once that is done, the court will discharge the remaining debt and equity.
Every time the court does that, the company in question disappears.
You can't discharge the debt and leave the company and equity standing.

All of that is supported by all the "Empirical evidence" you could ever ask for. And, no, nothing that has been cobbled together "connecting dots," "reading between the lines," or "implications" is empirical evidence, everything that has happened or is happened is stated directly in the monitor's reports, no sleuthing required.

That is reality and it will happen despite attempts to mislead people into buying shares of this company.

rbtree

02/09/19 8:29 AM

#60070 RE: Koan #57121

Might consider rethinking this post, which clearly is not sticky worthy...

To date, one way or the other, not one single document in this specific proceeding (empirical evidence) has been presented which definitively, without qualification or interpretation, details the fate of BioAmber's shares.

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