$BIOAQ A little context for the inquisitive investor

2018年7月20日

Accidentally privately published...linked idea Ok yeah, we all see a wedge forming. Great. Here are a few reasons why I'm accumulating a "q" stock. Here are the books: http://www.stockhouse.com/companies/ratios?symbol=bioaq A little backstory: Bioamber 23.23% used to trade on the NYSE under the ticker BIOA On 5/4/18 they filed for Chapter 11 protections. The ticker was given the q tag and delisted to the OTC PPS 0.00% plummeted from an from an ATH -1.32% around $14 to around $0.004 On 6/18/18, the court ruled to allow DIP financing to keep Bioamber 23.23% afloat while they sell company to highest bidder. https://www.prnewswire.com/news-releases/bioamber-receives-favourable-court-ruling-and-approval-for-dip-financing-300668033.html This company manufactures bio-succinic acid using a proprietary process in addition to a lot more IP 0.49% and the recently built plant. https://patents.justia.com/assignee/bioamber-inc https://www.bio-amber.com/_media/en/sarnia/bioamber-sarnia-media-release-final.pdf The cool thing is that the bankruptcy court set a timeline for the sale of the company. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141652469 The third party monitor assigned to oversee the process (PWC) released 7/18/18 that they received 7 LOIs to purchase...two of the bidding companies were named and they're both billion dollar companies: Greenfield Global and PTT Global Chemicals. https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-016_071818.pdf Greenfield Global is Canada’s biggest ethanol producer with four plants and some packaging/bottling sites. Private company, but going for 30 years. Very eco-friendly and community minded, they do various projects with government support and are part of national effort to meet Paris Accord Climate Change Targets (unlike certain neighbors we could mention, cough). The feelgood local choice. PTTGC is Thailand's largest petrochemical and refining company, an arm of state owned giant PTT, whose revenue last year was US$64.2 billion. Committed to finding eco 0.64% friendly solutions and another community minded corp, they always pays a minimum 25% of net profit as a dividend. “PTT Global Chemical – Better chemistry for better living” *Credit to NestEgg McMuffin on ihub for the DD -1.04% on the bidding companies. The next steps in the timeline are: 7/27/18 Deadline for binding offers 7/30/18 Deadline for acceptance of offer 7/31/18 Execution of sale So 7/31 is the big day; it could easily sell for a price that translates to a price per share of $1 to $2 to ....? Also, it could fall apart or the common stock could get screwed and go to 0. Very exciting. 3 hours ago Comment: IMO The two biggest questions to ask yourself: 1. Will the commons be wiped out or excluded from the proceeds of a sale/liquidation? If you believe so, close your position. If not, lock in your longs. 2. What will purchase/liquidation price translate to PPS? It's hard not to get starry-eyed over valuations...your guess is as good as mine, but I think it's safe to say that $0.061 pps with a market cap of 6.9M is a tad undervalued. Just my opinion on a couple things: Judge Pinsonnault and PWC have shown they're acting in Bioamber's best interests (DIP financing, KERP, etc.). I think it's possible that PWC consulted the judge in releasing two bidder's names in order to give other bidders that are low-balling,a bit of guidance for a competitive bid..."if you want to play with the big boys (aka PTT and Greenfield) then you've got to get your big boy check book out." I guess we'll see come 7/31. an hour ago Comment: PWC and Court docs https://www.pwc.com/ca/en/services/insolvency-assignments/bioamber.html

2018年7月20日

註釋

Resistance @ .07 is broken. Expect a gap up Monday morning unless MMs are still trying to push it down.
This stock is like a soap opera

2018年7月21日

註釋

Correction:
PTTGC has annual earnings reported at 62 Billion Baht. Converted to US$, thats $1,860,632,400 (1.8 billion dollars)

2018年7月21日

註釋

Here's a link to PTTGC's latest quarterly investor presentation. Includes financials, forecasts and strategies. I'd sure enjoy a bidding war between PTTGC and Cargill!
investor.pttgcgroup.com/misc/presentation/20180510-pttgc-am-1q2018.pdf

2018年7月23日

註釋

Quite a bit a steam behind this...Tomorrow should be fun

2018年7月23日

註釋

Volume is pouring!!! Let's see a steady, healthy climb

2018年7月23日

註釋

Closing in on 8m volume in the first hour of trading. Public float is 116.9m...that's 6.8% of the float!

2018年7月23日

註釋

11.3m vol!
Nice and healthy run & retracing going on..chances for some overbought/oversold plays.
I'm locked up...just having fun watching this play out

2018年7月23日

註釋

backend.otcmarkets.com/otcapi/company/sec-filings/12658021/content/pdf
"Liquidation, dissolution and winding up rights
In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of shares of common stock shall be entitled
to receive all of the remaining assets of the Company available for distribution to its shareholders, ratably in proportion to the number of shares held by them."

As a reminder, this stock holds a q tag but is not in bankruptcy.
Even in the event of a total liquidation, the assets outweigh the liabilities.
Don't forget, whoever acquires Bioamber buys the NOLs as well!
sec.gov/Archives/edgar/data/1534287/000156459017015516/bioa-10q_20170630.htm

2018年7月24日

交易進行

Closing in on 10m volume for 2.5 hours of trading.
Yesterday's volume was around 20m with a 21% uptick
Lots of shorting going on to keep this stock reigned in. Not much time to cover...MMs are playing with fire.