BioAmber Inc (fka BIOAQ)

[1manband]

Both are true.

BioAmber Inc. guaranteed certain debts of their Canadian subsidiaries (of which the majority is unpaid and still outstanding) AND they have substantial (unpaid) debts of their own.

There is a reason why BioAmber Inc. did not just put their Canadian subsidiaries into CCAA or bankruptcy, but also filed bankruptcy itself. They cannot repay those debts and they have no chance of ever doing so. That is why BioAmber Inc. is bankrupt and has been liquidated itself.

BioAmber Inc. is defunct. Gone. Liquidated. The US Bankruptcy Court will cancel the common shares and the corporation will be wound up and terminated in Delaware.

That will be the end, and the common shares will have no value going forward.