BioAmber Inc (fka BIOAQ)

[TenKay]

They are merely reflecting the fact that when there is “no net realizable value to creditors” then, by definition, there is none to equity because equity stands last in line to any claims to assets...which has been discussed ad nauseum here.

And the “net” is simply referring to the value available AFTER bankruptcy costs are deducted.. Legal fees, PwC fees etc.