Here is a link that deals with a board of directors and corporate bankruptcy. The last chapter is pretty much what is happening here . Im sure you dont need the link to the entire boards resignation. That was the day BioAmber inc . was no longer a company . And nobody even the court or monitor can pull a new board out of thin air. Now if the board had stayed on there may have been a slim chance at some kind of restructuring short of liquidation. They obviously saw no hope for that .
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