BioAmber Inc fka BIOAQ

[Renee]

When a BK company and/or its selling agent (PWC for BIOAQ) state categorically that the current equity will have no residual value to shareholders, in 100% of the BK cases that I have studied spanning 12 years the shares were cancelled as warned by the company and/or selling agent. Secured Creditors always get it all, unless there are crumbs to give to the Unsecured Creditors, and there is seldom ever any money left for equity shareholders, and absolutely NEVER any money for equity shareholders when the company/selling agent use a BULLHORN to say so.

One example (link below): KODAK was in Chapter 11 BK and EVERY rendition of their Reorganization PLAN stated categorically that their current equity would be cancelled. Message board contributors DID NOT believe the PLAN, citing a myriad of reasons why the almighty KODAK would never harm equity holders. When the stock ran from 4 cents to 44 cents inspite of the well articulated PLAN the company put out a news release declaring that the current equity would be cancelled. The wise holders sold to protect their money while the larger crowd still would not believe the company and held their shares. Afterall, KODAK was worth billions of dollars so surely shareholders would get compensated, which was an extremely costly lesson to be wiped out.

Within a few days the BK Court made the KODAK PLAN effective and all shares were cancelled. Those who held shares were wiped out because cancelled shares cease trading at the exact moment the BK Court makes the PLAN effective.

https://investorshub.advfn.com/Eastman-Kodak-Co-(fka-EKDKQ)-6134/

This is exactly what will happen to BIOAQ shares/equity.

"Moreover, if an acceptable offer is received, the liquidation of the Company's assets will almost certainly result in no residual value for non-secured creditors and equity investors."

That statement is crystal clear!!

https://www.prnewswire.com/news-releases/bioamber-provides-update-on-liquidation-process--announces-resignations-of-board-members-and-officers-300705478.html