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BioAmber Inc. BIOAQ

Chemicals Basic Materials
BioAmber Inc is an industrial biotechnology company producing renewable chemicals. The company's proprietary technology platform combines industrial biotechnology and chemical catalysis to convert bio-based feedstocks into renewable chemicals that are cost-competitive replacements for petroleum-derived chemicals used in a wide variety of everyday products including plastics, resins, paints, food additives and personal care products. BioAmber produces bio-succinic acid at a facility in Sarnia, On


OTCPK:BIOAQ - Post by User

BioAmber Inc. > Financials
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Comment by davetraderon Mar 19, 2017 3:35am
308 Views
Post# 25998777

RE:Financials

RE:Financials
My guess for the stock price drop is that Bioamber had to issue a Section 610b going concern qualification statement (see link below) per the NYSE.  Another concern is that the Sarnia plant is running well below it's capacity due to a shortage of orders for their product.  I think both of these items surprised the market.

https://www.newswire.ca/news-releases/bioamber-issues-statement-required-by-section-610b-of-the-nyse-mkt-company-guide-616377924.html

This stock is now a show me stock.  It seems the Sarnia plant is technically running OK but needs more product orders to improve the financials.

I continue to hold the stock and may buy more once the price settles down. 
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