BioAmber Inc fka BIOAQ

[1manband]

The debt was cleared, read the report, valuable shell with nols, common stock survives

.

That is not the case, as it would violate the law.

The debt was cancelled because it could not be paid - there was no money left. Therefore, by LAW, the equity also gets cancelled. The common shares do not survive, as that would be illegal.

Bankruptcy is not a "get out of debt free" card. Under bankruptcy, common shares are dead LAST in line for the assets. If there is not enough assets to go around, then everything that didn't get paid gets cancelled under the bankruptcy.

Including the common shares, which is exactly what will happen with BIOAQ.

Anyone holding BIOAQ shares at the conclusion of the bankruptcy will lose 100% of their investment.