BioAmber Inc fka BIOAQ

[I-Glow]

The buyer as was clearly stated in the Monitor's Report didn't bid on the contracts - didn't bid on the NOLs and didn't bid on the patents.

The Judge first Ordered a going concern sale - which means buying BioAmber as a whole - and would mean taking on the substantial debt - BioAmber couldn't survive with the debt.

There weren't any bidders for the going concern sale.

Then the Judge ordered a liquidation of assets - there was a buyer and they purchased certain assets for $4.34 million - since it wasn't sold as a going concern the NOLs didn't have any value - obviously BioAmber didn't know how to negotiate a profitable contract - and the buyer didn't see any value in the patents.

The Monitor clearly stated the Equity holders wouldn't be receiving anything.

Of course those that understand the US Bankruptcy laws understand that if the secured creditors are impaired then by definition the Common shareholders will be impaired.

The Monitor has alerted FINRA that the common shares will be cancelled.

This is the first Q stock for most investors and don't understand how this will end - shareholders are still living in pinky fantasyland and ignoring the facts.

IG