BioAmber Inc (fka BIOAQ)

[trader59]

Unless and until further action is taken by a court, the state of Delaware, or the SEC, the stock still "exists," it's just equity in a dead company that exists only on paper. Court action is very unlikely, seems that the monitor and the 2 federal judges couldn't figure out how to discharge Canadian debt guaranteed by a US corporation while also discharging the equity (which is normal after business operations are ended and a company is liquidated). Would have taken more steps, so the monitor changed the end game. That monitor was well aware of the continuing fairy tales, only have to read through the 10th monitor's report to know the silly questions they were getting from shareholders, the Crane lawyer's schtick (likely the straw that broke the camel's back), and the abnormal trading activity after the bankruptcy was concluded.

Delaware voiding the corporate charter should be all that is needed to complete the cancellation, but it is rather fascinating to see the new theories tossed up in Twitterland as those who fabricated them try and save some face.