BioAmber Inc fka BIOAQ

[trader59]

And, once again, BioAmber, Inc., that you hold shares in, is a US company in bankruptcy. The CCAA resulted in liquidation of the assets for $4.34M, so the company and its subsidiaries is now an empty shell with debt that it cannot pay. When the proceedings return to the US bankruptcy court and judge, that remaining debt will be discharged along with the equity (shares) and investors will lose 100% of their investment.

All the contractual rights were ponied up to the purchaser of the assets and if they had been willing to pay the royalties that were due, $408k, they’d own those rights by assignment of the court. There is no value there that will come even close to paying all the debt and giving shareholders a penny of recovery.

All of the accounts receivable from all 3 entities is summarized on the cash flow sheets as well as the disbursements to pay the bills and for the proceedings. It’s all there, there is no secret pot of gold that is going to pay the debt.