Replies to post #139974 on BioAmber Inc fka BIOAQ

[Real McCoy]

This is all moronic.

Shareholders own 100% of the shares in this or any company. By definition.

KAHC literally doesn’t exist any more. LCY is involved as it bought the assets for 4.34M.

You’re right the cash burn was the problem. The new owner of that plant and IP can make their own go of it.

[Lifetime]

Only an idiot would think something is coming here. I know, i know… your opinions mean more than facts. Forget all those pesky court rulings.

[trader59]

The second dumbest assertion being made is that the BS about the buyout, the liquidation not being real, the company operating in secret, etc, must be true because there’s still people saying it isn’t. Such a textbook case of confirmation bias and denial.

[toncatmad]

“Stocks that stop trading with no warning doesn’t leave any means to change the condition of your position be it long or short”

That is 100% false. The second that PWC was discharged and informed FINRA of the liquidations outcome resulting in FINRA suspending the CUSIP and deleting the ticker the stock became officially worthless. All one had to do was provide proof. All the proof needed was and is still available. FKA BioAmbers liquidation for a tiny fraction of its liabilities (roughly 5%) with Zero chance of recovery with the stock being deleted from all exchanges and forever having a value of $0.00 was all the proof needed to close out a short position. Any broker would tell you the same as once the stock is worthless with no chance of ever trading or recovering value that’s it end of story. The liquidation of FKA BioAmber selling off all assets and closing its doors for good leaves no chance of the creditors ever being paid as BioAmber Inc is gone.
For a short position it was a win win. All profit and no need to return shares as the shares are dead, worthless (due to liquidation) and not traded anymore.
Long position is stuck forever as is with a Zero balance that will never change.
Just because BioAmber failed miserably doesn’t mean that LCYB will.
The IP was sold to and vested free and clear to LCYB. If LCYB loses $1,000,000 or makes $100,000,000 with the IP it makes no difference as they own it outright.

Do govern yourselves accordingly

You need to learn how bankruptcy/liquidation works in the real world and stop listening to fantasyland.

[lucky, mydog]

My opinion will never change

yes. we know. sad.

[I-Glow]

Bioamber didn't stop trading without warning - they filed for bankruptcy.

Have you done a patent search to see who has been assigned the Bioamber patents.

The management resigned - no one bid on Bioamber as a going concern because they would have had to take on the debt.

Then the Judge ordered a liquidation and there wasn't much interest - when liquidated, it isn't what the shareholders believe the company assets are worth - it is what a buyer is willing to pay.

Why hasn't the company communicated with shareholders in 5 years?

"The patents involved are generating a tremendous amount of money for someone how was it possible to legally liquidate the company for penny’s on the dollar and still leave all the creditors impaired when the technology moves forward and is still generating a wealth of money."

Because that is how bankruptcy works - the Judge can't order a buyer to pay what shareholders think the assets are worth.

First, post how much the patents are generating - just saying it is a tremendous amount of money for someone.

The secured and unsecured creditors voted on accepting the bid and they accepted it. The Equity Holders didn't vote because they were impaired and PWC stated the Bioamber stock was worthless.

Bioamber couldn't generate a "wealth of money" - because they were forced to file for bankruptcy.

Shareholders were misled by the pumpers about the worth of the company, the assets such as patents didn't generate any interest.

IG