BioAmber Inc (fka BIOAQ)

[Brucebannerr]

You should do a little research on what a CCAA means . As of now they are trying to restructure the corporation by selling assets and paying of creditors . That is the plan already submitted to and approved by the judge . Key word RESTRUCTURE.

The Companies’ Creditors Arrangement Act (CCAA), which is strictly a restructuring statute, sets out a framework for the reorganization of insolvent companies with debts totalling over $5 million. It provides for plans of arrangement to allow debtors to reach compromises with their creditors