Replies to post #133835 on BioAmber Inc fka BIOAQ

[trader59]

Eno didn’t exercise any of his options. It’s all right there in his form 4’s that he was required to file, never exercised a single one of them. Know why? They all had strike prices that he would have to pay in order to acquire the actual shares, and the PPS was below his strike price (ie - he would have lost money).

[TheRealMrPirate]

Delaware 4612067 - post # 133716, the post you chose to ignore. Feel free to click & open the link - https://www.sec.gov/edgar/browse/?CIK=0001428726

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171604000

[1manband]

One more time. The SEC filings PROVE Eno did not exercise ANY of the options. You seem to be misreading the SEC filings. He never owned any shares of stock, just the unexercised options.

Do you understand how options work? They have an exercise price which the grantee, in this case Eno, has to PAY the company to convert them into common shares.

That exercise price was HIGHER than the market price of the stock. In other words, he would have been insane to exercise them as he could have just bought stock on the open market for less money.

But he didn't. He did not do either one.

Eno had NO common shares. NONE. All of the SEC filings, or lack thereof, PROVE it.

Bioamber is DEAD. The common shares are worthless, and that will never change. Conspiracy theories to the contrary that depend on multiple people and organizations committing fraud is what is really irrational.