If the Equity (common shares) had any value they would go to repaying the creditors.
"No transactions involving the shares of the Company or its subsidiaries have occurred nor are
anticipated. The Monitor does not anticipate that the shares of the Company or its subsidiaries have any net realizable value for creditors."
Early on 1manband and TenKay warned shareholders that the secured creditors would have to be made whole before any others would be repaid.
The last in line are the shareholders in the BioAmber bankruptcy and it is obvious that the common and preferred shares will be terminated.
The Monitor stated that in the 10th report.
IG
"Are you gonna pull those pistols or whistle Dixie?"