BioAmber Inc (fka BIOAQ)

[trader59]

Chapter 11 was dismissed in favor of Chapter 15, so the company remains in bankruptcy proceedings and those proceedings will conclude in the US once the Canadian subsidiaries are dispositioned. The liquidation of the assets have resulted in the company being an empty shell with over $80M of debt remaining. The proceeds from the liquidation and all other sources will only give 2 secured creditors a small partial recovery, the remainder get nothing, the unsecured creditors get nothing, and the shareholders get nothing, clearly stated by the monitor in their reports to the court.