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Re: trader59 post# 95009

Thursday, 12/19/2019 12:55:03 AM

Thursday, December 19, 2019 12:55:03 AM

Post# of 144846
This probably explains it best

Since the filing of this Action, BioAmber Inc. (“BioAmber” or the “Company”) has been delisted from the exchanges on which it traded. The partner in the venture that makes up substantially all of BioAmber’s assets sold its interest back to BioAmber for one Canadian dollar. BioAmber filed for bankruptcy, initially aiming for a reorganization. But it was unable to attract an investor who valued it as a going concern, and the Company liquidated itself. Even BioAmber’s liquidator has now been relieved of duty. BioAmber now has no money –literally –to pay Settlement Class Members’ claims, other than through its insurance.

Dragon52

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