Replies to post #130770 on BioAmber Inc fka BIOAQ

[Real McCoy]

Just literally making stuff up. Love it.

[biowin]

The second Bioamber plant was announced for location end of 2017, https://thesarniajournal.ca/bioamber-eyeing-sarnia-as-site-for-second-commercial-plant/
the company needed a lot more money, they got approved for 360M from DOE but the cost was 500M or more as the prices of materials were rising, so the other possible explanation for the KKR financing can be connected to complete the building of Bioamber #2, for Bioamber to be approved for 360M by DOE must be very important technology for North America, this is not a company that was going to be dissolved and die, but continue to grow, https://www.newswire.ca/news-releases/bioamber-achieves-important-milestone-in-us-doe-loan-guarantee-process-594249681.html, also because of the threat of Trump and no support, KKR stepped in to invest and expand and help $ to build the second plant that I'm expecting to hear a completion and be part of this mega merger, https://www.theobserver.ca/2017/03/20/trump-budget-would-end-loan-program-sought-by-bioamber