Replies to post #89222 on BioAmber Inc fka BIOAQ

[trader59]

The NOL’s here are dead. It would require the IRS to ignore their own rules, but even if they did the tax savings from the NOL’s would be less than the debt that would be assumed, and that doesn’t even count whatever the latest fairy tale buyout price is.

Simple math: corporate tax rate X NOL’s = potential tax savings. In this case, it’s a bit over $300M of NOL’s with a corporate tax rate of 21% = $60 - 65M of tax savings/avoidance, which is less than the debt owed by the company.

And, yes, that is how it works.

[Brucebannerr]

The fantasy would be much better without the jibberish. But anyway there was no debt restructuring around here. You got a link to it ?
No you dont .

[trader59]

So, is this the “acquisition” being pushed as analogous to BIOAQ???

https://www.valuewalk.com/2014/06/biofuel-energy-corp-biof-approves-greenlight-capital-bid/

Here’s a hint: That company was still in business. BioAmber is not. The analogy is absurd.

SMH

[iron-eagle]

Some are having a hard time determining whether the NOL's/tax loss carryforwards are assets or not. Well according to PWC while soliciting for DIP financing; they listed BioA assets. Argue with PWC over whats an asset or not. They say it is. Thanks for leaving open a file share link in your court filings guys! GOT EM ALL!!! BIOa for the WIN