BioAmber Inc (fka BIOAQ)

[TenKay]

It is probably closer to $2 million of the net proceeds. Still only a partial recovery for them. Post bankruptcy service providers will be first, Maynbridge second and Comerica third...Mitsui will get little more than peanuts. Everyone else? ZERO.

As for "doesn't add up"...its either that or nothing.

Comerica is simply taking the best they can get.

Bankruptcy liquidations are brutal.