The Liquidation of a Liquidation Process
PwC's documents refer to it as a "Liquidation Process", and in other places it is referred to as a "Liquidation Scenario", or "Liquidation Scenario under a SISP".
At some point the word "process", "scenario", and other specific phrasing has been dropped and left for dead. As a result, this language and the larger reality of the CCAA proceeding has been seized upon by those maintaining fantasies of BioAmber's common shares being cancelled.
The fantasies of BioAmber's shares being cancelled are less a result of this specific situation and more a result of what has happened to other companies in the past in vaguely similar yet very different circumstances, other "Q" stocks in the past in vaguely similar yet very different circumstances, falsely believing the case is a U.S. Chapter 7 or 11, falsely thinking there are no circumstances under which the NOL's have value, and other repetitive mind musings and mental gymnastics more suited to making one feel better about a particular investment decision rather than offering convincing ideas with clear, sound reasoning supported by facts.
When it comes to BioAmber some see the glass half full. Others see the glass half empty. Instead, it is best to see the glass for exactly what it is, which is fully half.
AI
