BioAmber Inc fka BIOAQ

[TenKay]

The company is not being sold as a going concern. There was zero interest in buying the company or any re-structuring.

It went to liquidation. The plant is being sold as an operating asset.

DIP lender Maynbridge has first claim and are getting paid back
Comerica has second claim and are getting partially paid back
Mitsui has third and is getting nothing...so far.

Then there are over 180 unsecured creditors with claims totaling over $20 million..they are getting nothing.

And below them are common shareholders.

If there was enough money to pay off even just the secured creditors Mitsui would not have made that filing.

But the fact that there won’t be enough to pay off the secured creditors, let alone the unsecured creditors should be a pretty strong indication that common shareholders are holding a zombie ticker...it might still be walking, but it’s dead.