BioAmber Inc (fka BIOAQ)

[trader59]

It does not say the company sold. Here's what it says in the excerpt posted in the beloved sticky:

26.2 Forecast consultant fees relate to estimated costs to retain certain employees at Bioamber Sarnia to assist with selected issues to the operation and sale of the company.

That note is applicable to the included table which details the expected cash flows and specifically explains why key people from Bioamber were retained and paid for their expertise and background with both the factory and operations in the event someone interested in a purchase had questions that PWC could not answer. That's all. It doesn't say "we sold the company," it says "we retained employees for this reason." The remainder of the report (and the rest of them) which is being conveniently ignored says they tried to sell the company, but did not receive one single bid, so they sold the operating assets. That little snip in the sticky, intentionally taken out of context, is intended to sell stock.

There is no sale of the company, and, as stated by the monitor to the bankruptcy court, there will be no recovery for the common shareholders, zip. Shareholders will lose 100% of their investment.