Replies to post #130960 on BioAmber Inc fka BIOAQ

[trader59]

Since when are court records from bankruptcy/CCAA proceedings and statements issued by the company not absolute proof that all of the assets were sold?
We’re approaching 4 years since that sale closed and the company itself was last heard from. Anybody suspicious that the court records were the truth and the crap about a buyout fabricated by con artists might just be a lie so they could flip the stock for a profit?

[THEDOG 17]

Long but a very nice post!! Makes sense !! Thanks. Good Things Are Coming Very Very Avery Soon!!

[Real McCoy]

I said that Bioamber had no "financial success", and it did not. It lost money every year and was ultimately liquidated.

I just love these posts. It's like a mix of Shakespeare meets Dax Shephard's character from the movie "Idiocracy".

Speaking of movies, there is a concept that many movies utilize which is "suspend your disbelief". You can get this on one thing. Like in "Big" you have to believe that a circus machine can put a child's mind into a 30 year old body, or in "Back to the Future" you have to believe that time travel is possible in an 1981 DeLorean. Everything else is the real world as we know it.

This is what you seem to be doing. Despite the history and chemistry "lessons", your comment that that it has not been "proven" that all assets were liquidated is insane. Unfortunately, just like a 1981 DeLorean time travel machine, the "half liquidation" theory is not the real world. That wouldn't be a liquidation.

"These assets comprised all of the Company’s assets, save and except for the cash, accounts receivable and inventory of the Company, and also excluded certain U.S. based office equipment."

https://sec.report/Document/0001193125-18-309191/

This is the last ever comment from the Company. It has been proven. Obviously the courts did not "suspend their disbelief" in approving it, nor did all the executives who all left, leaving an empty shell.

I do look forward to your next insanely delusional and bad faith note.

[TheRealMrPirate]

You write very well, that's my fault, I should have been more clear.

To make a profit, BioAmber's succinic acid production needed the price of oil to stay above $40/bbl -- not $62/bbl as Mr. Pirate suggested. Unfortunately, during 2015 and 2016, the price dipped quickly from over $100/bbl. to under $35/bbl. in 2016. At the same time, the price of corn sludge rose during 2016, peaking in the summer of 2017

My reference to $62 was very vague. Whilst $40bbl would have technically turned a profit, Bioamber's margins were in the toilet. Their fixed production break even at the time was in the low $30's if I can remember correctly. However, to maintain a margin that would have been beneficial to their balance sheet they needed $62 or higher for the industry to make that Bio choice over petroleum based succinc.
As far as history and whether the view of the management change was positive or not, the outcome is the same. The restructuring, further financing, the SISP sales processes were still failures. The company was liquidated and all assets were sold - ALL. That is a clearly documented fact, through the process, on court documents & public record on released SEC filings.

These assets comprised all of the Company’s assets, save and except for the cash, accounts receivable and inventory of the Company, and also excluded certain U.S. based office equipment. The purchaser did not seek the assignment of the Company’s contracts, which meant that certain intellectual property under license from third parties was also not transferred to the purchaser.

Unfortunately, the outcome of liquidation is insolvency.

SEC - "BioAmber Inc" - https://www.sec.gov/Archives/edgar/data/1534287/000119312518309191/d645901dex991.htm

[Brucebannerr]

Yes all that rambling on about the past wont help the shares become any less worthless.

[toncatmad]

So you all feel that there is information that has not been revealed yet? You believe that BioAmber is still operating in the shadows and that LCYB’s deal fell through? So LCYB doesn’t actually own the plant?
So all of the hope is based on 100% fraud?
So it is said that LCY purchased and is in control of the worthless BioAmber shares but why would they do that if BioAmber is actually still alive? If LCY purchased the shares why is it that they never told the shareholders?
If BioAmber was actually still being restructured, still alive and still making product but has hidden it from the owners of BioAmber (the shareholders) that would be Fraud. If the courts, PWC, LCYB and everyone else involved all lied and the liquidation that was reported and approved never happened all to hide the truth that BioAmber is still being restructured would be yet again Fraud.
What KKR has done with its money is of no concern to BioAmber shareholders LOL!!
I really can’t believe that anyone actually believes all that crap about BioAmber still being alive and coming back someday to pay its former shareholders. All of the actual proof shows that BioAmber ended and was liquidated for $4.34 mil. Anything said to the contrary of that is a LIE plain and simple. Anyone trying to pass that fairytale LIE that BioAmber lives on is either delusional or Lying as all of the actual Facts prove BioAmber is gone. BIOW and IE post nothing but lies and nonsense. Not one of the DD fabricators has one shred of proof to show that BioAmber is anything but dead as shown in the court docs and they never will. I would love to see them try and prove that BioAmber is still alive LMFAO!!