Replies to post #103851 on BioAmber Inc fka BIOAQ

[TheRealMrPirate]

Green, their "best" quarter ever was in reference to revenues but it was still a -$7.0 million (NET) loss.

[Brucebannerr]

Perhaps if they had of included the super secret fantasy deal in that perspectus they might have sold those shares . After all the fantasy now is this mega million merger was a done deal long before they filed for bankruptcy. But alas they choose to hide the fantasy from potential investors and the owners of the company. Haha only in fantasy land do these things happen with a public company.

[trader59]

Every penny of money raised selling stock went into paying the operating losses since this company went public. They never ever made a profit, and the losses were growing year after year.
If you look at the prospectus for the offering, page S-4 for the risks of the investment, it is laid out in plain language. But the units were selling for just over a nickel, and some investors chose to accept that risk. With that prospectus, everything was very legal, but very hazardous to wallets. Nobody who participated in the offering could claim they weren’t warned.

https://www.sec.gov/Archives/edgar/data/1534287/000119312518041450/d536177d424b5.htm