Replies to post #136786 on BioAmber Inc (fka BIOAQ)

[Real McCoy]

Bahahahahahahaha

This was announced as a liquidation. You realize they have to report the deals factually as they occur, right?

I love this stuff. So insane.

[Filterthenoise]

Continuity of ownership interest – At least 50% of the consideration is acquirer stock (although transactions with as little as 40% stock consideration have qualified for tax-free treatment).


'As in a statutory merger, the form of consideration must meet the continuity of interest requirement'

[toncatmad]

Well if it was only a transaction involving the shares and not a liquidation s stated. Since it was a liquidation you get nothing not cornsludge for you!!
LCYB got all of the assets, turned down the contracts, didn’t have to pay any of the debt and didn’t have to pay the shareholders and it only cost them $4.34 mil pretty smart on their part.
FKA BioAmber shareholders got nothing, will never get anything and have no leg to stand on for any sort of case.

[randomwalk007]

let's assume this kind of reorganization is in the works for BIOAQ, why does it need to be kept secret this long?