BioAmber Inc (fka BIOAQ)

[dalesio_98]

The monitor only became the monitor after the board resigned (jumped ship). To reiterate, only the board could have cancelled shares prior to resignation, the monitor could not do so thereafter!

It is common under BIA or CCAA that no value will be realized by shareholders as creditors must be made whole prior to any shareholder distribution!

"Shareholders remain with questions", they always will.

As I've indicated to a large shareholder, PwC could have worn different hats in the BioAmber file. Was PwC appointed financial advisors to BioAmber at any time prior to the CCAA filing?

So liquidation due to chapter 15 leads to shares being… suspended? Lol… The monitor knew the outcome from before the board resigned but they didn’t cancel shares, the monitor then stated they “believe” no value will be realized from the CCAA and have informed Finra of this “anticipated” outcome. What would change the outcome in Feb 2019 if the transaction closed October 2018? Why did Finra let shares trade until November 2019? What action then triggered the suspension in November and not December when the monitor was discharged? Many of the questions shareholders had were ignored due to confidentiality and efficiency, what is efficient about this process. 4 years later and pesky shareholders remain with questions