Replies to post #102124 on BioAmber Inc fka BIOAQ

[trader59]

The shares weren't purchased. LCYB has no need for capital, they have KKR behind them, no need to sell stock at all.

But, even the "recapitalization option" described in bid solicitation document that was not done and no company even suggested doing did not involve buying the stock from the BIOAQ shareholders, in fact it was stated they would cancel that stock if required by the bidder (and they would, since they'd have no obligation to share ownership with anybody). "Recapitalization" means the bidder buys stock from the company, the company gets the money and pays its debt and bills to the extent possible. Moot point, because it was not done.