BioAmber Inc fka BIOAQ

[trader59]

No, there is no restructuring, refinancing, buy-out, or anything else coming to the BIOAQ empty, debt-ridden shell.

All of those were attempted, but not one single bid or offer was made to keep BIOAQ afloat as a company. So, the assets were sold in liquidation.

Everything any investor needs to know is summarized in the 10th monitor's report here:

https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-049_020819.pdf

Assets sold off, it is now an empty shell.
$80M in debt.
Proceeds from the sale and all other sources will not pay the secured creditors. The unsecured creditors get nothing. Shareholders get nothing.

No matter how many snippets and parses of information are pieced together to suggest any other outcome, shareholders will lose 100% of their investment in this stock.