Replies to post #121548 on BioAmber Inc fka BIOAQ

[trader59]

They told the judges that no transaction involving the shares occurred nor was anticipated. Pretty cut and dried.

In addition, they received the approval of the asset purchase by those 2 judges with a 100 page list of things included. Guess what wasn't on there...

That GFive guy's complaint is that Mica allegedly lied and told him shares were included when they weren't. He could have litigated that and possibly gotten a do-over on the bidding process between them and LCYB. They bid $3.5M, but promised another million or two after they did a capital raise. He wasn't going to buy the shares either. In fact even through the SISP, nobody proposed to buy the shares, the only mention was 1 company that proposed to buy the "shares of Sarnia," which meant they wanted the plant and everything associated with it, but didn't want anything to do with BioAmber, Inc.

Think logically. Nobody can "buy the shares" or even make a deal for them without negotiating with the people who own them, and that isn't BioAmber nor PWC. That's the shareholders. They received no such offer and won't since the company is now completely dead and devoid of anything of value.