There is NO reorganization, and shares will be cancelled.
PwC has made it VERY clear the assets were sold for $4.3 million, and only the first 2 secured creditors are receiving partial payment. All others, including common shareholders, get nothing. The "DD" is nothing but misinterpretations, at best, all of which have either been directly contradicted by other facts in the court motions, subsequent filings, or US Bankruptcy Law.
The common shares WILL be cancelled by law. There is absolutely no chance that the shares are safe. There is no "stalking horse" bid, or is there any plan of reorganization, both of which would have had to be filed with both the Canadian and US Courts a long time ago. But, alas, there are no filings. They are just ridiculous fantasies with no basis of fact.
Anyone holding BIOAQ shares will lose 100% of their investment. Guaranteed.