BioAmber Inc. BIOAQ

May 5 @ 1:00 PM - BNN Jerome Hass

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1:00 PM - Canadian mid-caps and long-short strategy 

Jerome Hass, Portfolio manager, Lightwater Partners 

His Feb.22'17 comments on BNN

Produces succinic acid, a base for an intermediate chemical or commodity that is used in a variety of things like plastic, polyurethane, and various other things. Generally made from petrochemical products, but their product is made from industrial sugars, which has a lot of advantages such as that it can be produced cheaper. It had 2 equity issues within 2 weeks which the market did not appreciate. The company has taken their knocks and are now cashed up essentially, so there shouldn’t be any more issues going forward.

Price:  $3.45

Bias:  CAUTIOUS

Owned:  Yes

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Jerome Hass fund still holds their shares of BioAmber and believe it's "still a very good story" but needs to show some sales and needs to operate plant @ 70-80% capacity. https://www.bnn.ca/market-call/jerome-hass-discusses-bioamber~1117003

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BNN comments from Jerome Hass    2017-05-05  Price:  $2.21   "They produce a chemical that is used in a variety of products. Have the world’s biggest succinic acid plant. It seems that anything that could go wrong did. They did 2 financings which were not well received by the market. There was also a profit warning on their Q4 numbers. They had a shipment that was