BioAmber Inc fka BIOAQ

[I-Glow]

If you had read the 12th Monitor's Report you would understand why the Judge ordered a one month extension - not a normal 3 month extension.

"40. The Monitor has completed its duties and obligations as set out in the Third Amended and Restated Initial Order. The principal activities remaining to be completed in the CCAA Proceedings (the “Remaining Activities”) are:

40.1. Distribution of the Remaining Funds;

40.2. Payment of outstanding professional fees of the Monitor and its legal counsel;

40.3. Completing any and all steps necessary to terminate these CCAA Proceedings, the Chapter 15 Proceedings in the United States, the discharge of the Monitor and the administrative
actions in connection with same."

As you can see there are still a few administrative and financial housekeeping to clean up.

As with most bankruptcies of public companies there are numerous delays but the end results are the same - the equity is terminated and the shareholders lose everything.

IG