BioAmber Inc fka BIOAQ

[QTRADERQ]

JDP2000, respectfully, you are mistaken. 6/22 is not a 'Special Meeting' as you claim in your post. The 'Special Meeting wa suspended.

The next meeting is June 22,2018 will see if what happens.

6/22 is the date BIOAQ will request a continuance of the Stay of Proceeding which I'm 99% certain they will be granted.

HERE'S WHY

1) If BIOAQ receives interim DIP Funding (which is expected), then the Judge will grant a continuance of the Stay of Proceeding which BIOAQ is seeking (Par 144 - 148 in the Initial Order), and then the company will seek to reorganize its debt with its secured creditors.

2) On the other hand, if they do not get DIP Funding, then BIOAQ has indicated that they will not be able to pay their bills, and therefore would need to seek immediate alternative plans such as liquidation or selling to highest bidder.

* All of the above is explained in the Canadian 'Initial Order' dated 5/22/18 which I highly recommend you read (if you have not already).
https://www.pwc.com/ca/en/car/bioamber/assets/bioamber-005_052818.pdf