BioAmber Inc (fka BIOAQ)

[underdog150]

Lol

PricewaterhouseCoopers Inc ("PwC") was discharged as Monitor of the Companies on December 23, 2019. As a result of the discharge the CCAA Proceedings are now terminated.

PwC continues to receive queries from BioAmber shareholders regarding the status of the Companies and their shares. However, PwC has no further role or involvement with the Companies and is unable to respond to these queries. Shareholders should speak with their financial advisor regarding their options.

As previously reported to the Court in our role as Monitor, the tangible assets of the Companies were sold. There were insufficient proceeds from those sales to satisfy the claims of secured and unsecured creditors in full. The Monitor has distributed the funds in its hands from the liquidation of the Companies' assets to the secured creditors of the Companies as directed by the Court.

There was no plan of compromise or arrangement made in the CCAA Proceedings in respect of the Companies to otherwise address creditor claims. As such those claims remain outstanding and rank in priority to equity claims.

All parties are referred to the prior reports of the Monitor in the CCAA Proceedings regarding the results of the proceedings.
https://www.pwc.com/ca/en/services/insolvency-assignments/bioamber.html
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They filed for Bankruptcy protection from creditors..It”s all been dismissed...Creditors..debtors...lawsuit pursuers...stakeholders...shareholders...courts and monitors...Corporate legal...and even that sandwich and vegetable tray provider is getting their money.. I”m hoping this week ! Everything is cleaned up except that litigation with shareholders in May 2020...but that’s small potatoes...Everyone ! Here will experience the difference between Suspended shares and Cancelled shares..Longs will need a pallet to carry all that $$...Any moment now..