BioAmber Inc fka BIOAQ

[trader59]

How did a company worth $4.17 a share (market cap of $540M) go bankrupt with only $100M of debt and liabilities? How did it get delisted in the US and Canada at 15 cents per share then miraculously gain nearly 30X's that value by being liquidated? How did the board of directors, the creditors, the monitor, the markets, and the 80 companies solicited to bid on the company miss that enormous value?

Companies worth multiples of their liabilities don't file for bankruptcy. If they need cash, they raise it by selling stock or by borrowing against that net equity.