BioAmber Inc fka BIOAQ

[trader59]

Here's what we know in the absence of a link that directly says "BioAmber stock will be cancelled."

BioAmber is bankrupt.
It is carrying $60M-ish in debt.
All of the operating assets have been sold, including the factory that was the source of any revenue.
Nobody put a bid in for the company.
The monitor that is managing the proceedings says the proceeds from the sale of the assets (which is documented at $4.3M) will only partially repay the secured debt holders.
The monitor says there'll be no recovery to the remaining unsecured debt holders and no recovery to the common shareholders.
All that remains is to sell off whatever inventory remains and distribute the proceeds.
Once that is done, the court will discharge the remaining debt and equity.
Every time the court does that, the company in question disappears.

This is reality and it will happen despite attempts to mislead people into buying or holding onto shares of this company. When the stock gets cancelled, holders will lose 100% of their investment.