BioAmber Inc (fka BIOAQ)

[I-Glow]

PwC clearly states the Equity doesn't have any value and the secured creditors are impaired. That means the common and preferred shares will be cancelled.

"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. The Monitor has informed the Financial Industry Regulatory Authority (“FINRA”) of this anticipated outcome."

"Distribution and termination of CCAA Proceedings

46. Once all of the foregoing matters are resolved, the Monitor will seek an order of the Court to distribute the remaining net proceeds of the Company to the respective Secured Claimants according to their security and priority. Recognition of this order will also be sought in the Company’s proceedings"

The above is from the Monitor's Report.

There are thousands of posts stating "the shares are safe" - but not once has anyone provided any proof - they claim it is court documents and a Monitor's Report but they always fail to provide a link.

IG