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Replies to post #91356 on BioAmber Inc (fka BIOAQ)

Replies to #91356 on BioAmber Inc (fka BIOAQ)
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LETSWIN2020

11/20/19 7:39 PM

#91360 RE: iron-eagle #91356

Pure genius
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Brucebannerr

11/20/19 7:44 PM

#91365 RE: iron-eagle #91356

Whos in charge of that buyback ? Why is that question so hard to answer ? But thanks for confirming the debt hasnt been paid .
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ShaneO19

11/20/19 8:30 PM

#91371 RE: iron-eagle #91356

Is this something that would be legal? Do you think PWC put out vague and misleading reports to drop the share price in order to buy back shares on the open market cheaply? It seems like they could have a lot of legal problems if that were the case.

I am very much a layman with regards to all of this so I do not know if the following is even possible. But the scenario I have been hoping for was some kind of payment in shares to creditors that kept the trading shell of BIOAQ intact. If LCY wanted to go public and they are buying the assets of BIOAQ which has a trading shell. Why not include that in their purchase? If no cash sale was ever going to satisfy the creditors but they were offered shares in exchange that would be better then nothing and something that they could accept. This would explain why the ridiculously low $4.3 million or whatever it is was acceptable.

So what you are saying does fit with the scenario I have been hoping for. Hopefully what I said is coherent.
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1manband

11/20/19 8:40 PM

#91373 RE: iron-eagle #91356

Hey if BioAmber repurchased 25m shares at .01 and the shares are purchased for $?.?? and then BioAmber sells them at ?.?? on the open market...would that be enough for BioAmber to pay back creditors? Is that plain enough?



Except that would be ILLEGAL in many different ways.

Depending on illegal activity in order to achieve a profit is never a good investing strategy.
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trader59

11/20/19 8:56 PM

#91375 RE: iron-eagle #91356

LOL!!!!!!!!!!

Who, exactly, in BioAmber is buying and selling shares???? Nobody works for BioAmber, at all!!!!!

LOL!!!!

So, BioAmber is flipping its own shares????

Good lowered. YOU DO KNOW THEY'D HAVE TO REPORT THAT TO BOTH SHAREHOLDERS AND THE SEC, RIGHT????? I mean, if anybody actually worked for this company...

A bit of conflicting information on the public float, by the way. Not that any of the numbers can be held up as the truth, but here's another number:

https://research.tdameritrade.com/grid/public/research/stocks/fundamentals?symbol=BIOA

115M