Replies to post #78438 on BioAmber Inc (fka BIOAQ)

[trader59]

A scrap vendor likely would have had to clean up the chemicals used in the corn sludge processing, then would have to disassemble it all and manage the sales process. That ain't cheap. I don't recall seeing any interested parties or bids on the facility for that purpose.

Bankruptcies are brutal, the secured lenders are getting a little over $5M of $40M owed, secured creditors owed another $40M are getting nothing, plus whoever the other "obligations" the monitor and judge have spoken of also get nothing. Whatever scrap value the plant had still wouldn't have covered the secured lenders, much less the other obligations, and still no recovery for shareholders.

[Longstrongsilver]

Exactly! It’s like they put it in big neon lights for us. Maybe a $43.5 million or $50 million could have been seen as “the whole deal” because while nowhere close to FMV its at least in the distressed range . But $4.3? Really? I could probably have gotten more out of it than that just stripping copper for crying out loud. Could generate that in rent after emptying it every 3-4 years. There’s not a chance that’s everything. And if I’m wrong then arguably some very actionable shady shenanigans would have needed to go on. And the way I read it it’s a 2 part transaction with second bring us our gains. The only place I differ is I feel some form a share swap or whatever where we continue to trade organically is the scenario that beats fits all the narratives. It’s also the cheapest way all creditors are made whole. A little dilution in such a massive deal would barely get noticed. This is most likely why the sealed letter “AFFIRMS” the deal rather than “confirms it.” Because “affirm “ is used almost exclusively in positive ways rather than “confirm” strengthening things regardless of their being positive or negative.

[Brucebannerr]

You saw the scrape bids right ? The 4.3 million was definitely in your best interest . Even though you have no say in that interest. Haha crane is going to need your millions of shares to elect a new board. Maybe you can get put on .