Replies to post #66046 on BioAmber Inc (fka BIOAQ)

[Rustyhotrod]

Why has PWC put FMV in their monitors repot? Why bring it up at all if it’s an imaginary number??

[trader59]

Completely false. The assets were liquidated in October. The company is nothing more than an empty shell with $80+M in debt. That’s fact, like it or not. The contracts will have very little (if any) value. Know how I know? Because the purchaser of the assets could have had them assigned to them during that deal, but didn’t want them.

All shareholders “own” right now are shares of debt. They get nothing from the bankruptcy proceedings and will lose 100% of their investment when those are complete.

[Groundskeep]

Shake n... BAKE

Welcome to the BIOAq revolution

[rbtree]

The company was never in liquidation... and the rest is all horseschite. See below:

Quote:
trader59

Completely false. The assets were liquidated in October. The company is nothing more than an empty shell with $80+M in debt. That’s fact, like it or not. The contracts will have very little (if any) value. Know how I know? Because the purchaser of the assets could have had them assigned to them during that deal, but didn’t want them.

All shareholders “own” right now are shares of debt. They get nothing from the bankruptcy proceedings and will lose 100% of their investment when those are complete.

[randomwalk007]

$1.64/sh was the net book value prior to bankruptcy filing. Most of that was in the depreciated value of Sarnia plant. In terms of "shares are safe" how does that translate into projected share price- are you implying a multiple to current to $0.015/sh or a discount to the $1.64 or other?

[THEDOG 17]

Good things coming!!