BioAmber Inc fka BIOAQ

[CSCS]

If this was true:

The shareholders and unsecured creditors weren't allowed or asked to vote because the Superior Court of Quebec - understood both would vote no because the secured creditors are impaired - therefore the shareholders are impaired as are the unsecured creditors.

BioAmber wouldn't be restructuring under the Companies' Creditors Arrangement Act and would instead be in bankruptcy or receivership under the Bankruptcy and Insolvency Act


Buts it's not true.

This is not a Bankruptcy, they are working on an arrangement with creditors....



It seems most have a pinkyland fantasy about "US BANKRUPTCY LAW" - what they don't understand is this is under the Federal Companies' Creditors Arrangement Act.

Any links or screenshots of PWC stating that the Restructuring or CCAA proceedings have failed?? Nope

Any links or screenshots of PWC stating that shares will be canceled?? Nope

Any links or screenshots to state that the CCAA proceedings are not the MAIN PROCEEDINGS?? Nope