BioAmber Inc (fka BIOAQ)

[Brucebannerr]

Wrong . Secured are only getting pennies on the dollar and unsecured getting nothing . Means shareholders get nothing . This is what they stated.

18. The net proceeds realized to date, and anticipated to be realized, are substantially less than the
quantum of the Company’s secured and unsecured claims. The proceeds from the Visolis Transaction
totalled US$4.34 million. The cash on hand at the outset of the CCAA Proceedings and the net
proceeds from the Company’s other assets are expected to be almost fully used to pay the costs of the
CCAA Proceedings, including the Company’s operating costs as well as the costs associated with the
SISP and Second Sale Process. There remain few other assets to be realized.