Replies to post #100794 on BioAmber Inc fka BIOAQ

[trader59]

On page 4 of the last annual report, it states that 54,272,012 of the prefunded and series C warrants were not exercised. Deducting those from the available 131,607,744 means that only 77,335,732 shares were entered into the O/S from the offering. If you add those 77,335,732 shares to the O/S published on the previous quarterly 52,114,923, you get 129,450,655, which is exactly the O/S that was reflected at the end. That quarterly was for period ending 9/30/17, and there were no stock sales until the offering we're studying.

https://finance.yahoo.com/quote/BIOAQ/key-statistics/

So, 77M shares were executed, but created no new 5% holders, so nobody was "taking over."

Also means either some pre-funded warrants or some Series C warrants went unexecuted, trapped by the bankruptcy.