Replies to post #102447 on BioAmber Inc fka BIOAQ

[youngster-moon]

Did you catch that last sentence?????

"A/R settled with the owners of the future operating company"

Now if you bidding on a company and would have been the winning bid, why aren't you the owners now? Who the heck are these "owners of the future operating company"

[trader59]

Their bid was for $3.5, plus another possible $1M if they were able to sell stock in their company (GFive). The collection of AR carried a 15% management fee.

And, of course, they were bidding on the assets, not the company. Shareholders would still have lost 100% of their investment.

[Greenvestments]

Hmmm LCY acquired the plants among other things and 14 million in account recievable... trailing revenue.. for 4.3 million? Haha no way