Replies to post #133979 on BioAmber Inc fka BIOAQ

[toncatmad]

Mitsui sold their equity stake to BioAmber for $1 to be indemnified from the loan guarantee.
Looks like it worked out well for Mitsui

[toncatmad]

BioAmber never got the 360 mil DOE loan. They completed part of the process but never finished and got the loan. That is very easy to figure out as getting the loan was never mentioned and it was never in any of the financials so why even bring it up?
There never was a DOE loan and Mitsui sold to BioAmber for $1 so they would not have to be on the loan. BioAmber still had to pay the entire loan. If anything mitsui made out great as they were not on the hook for the loan when BioAmber went belly up.
In the end none of it really matters as BioAmber drowned in corn sludge under their large debt load and sea of deep red financials.

[MadScholar1]

Thank you very much for this info. Whatever else others might incorrectly believe, it's hard to doubt that Eno knew and discussed options with Dugar in 2017. Secret deals are one thing; but publicly getting BioAmber's assets for $4.3M is quite another ... unless they knew each other.

Also ... once we learned that governments were involved with promoting forward-looking technologies, we had very good reasons for hanging on to our shares. More so, since we learned of some cigar-room discussions already in 2018.

Your due diligence has been impeccable!