BioAmber Inc (fka BIOAQ)

[I-Glow]

Because it always happens - there is a hierarchy of who gets repaid from a bankruptcy and the common shareholders are on the bottom.

1. The Government
2. Secured creditors
3. Unsecured creditors
4. Preferred shareholders
5. Common shareholders.

If the Unsecured creditors are impaired - the Common shareholders will be impaired.

PCW stated very clearly in the 10th Monitors report - "As such, the Monitor does not believe that holders of equity interests or equity claims of the Company, including shareholders of the Company, will realize any value in the CCAA Proceedings on account of their claims or interests."

Did you read the Secured Creditors list it is $40.3 Million?

The liquidation of assets didn't cover the Secured creditors.

PCW stated they have informed FINRA of the Preferred and Common shares having no value.

IG