The common stock(equity) was part of the Initial SISP and the Second Sales process in the CCAA Proceedings...
But the US Court still maintains ultimate jurisdiction under the US Bankruptcy Code since BIOAQ is a Delaware Corporation and Canada has no jurisdiction over the US parent or the common stock. Therefore, the common stock could not be reorganized under CCAA, even if the company was not liquidated.
This statement is false on many levels...
The Company, yes that includes its stock, is currently in the midst of a complex restructuring as PWC has stated in Court....