True that! 1. BioAmber did not go bankrupt.... case dismissed not discharged. FACT 2. Frontier "Shares are expected to trade until the plan's effective date. They will be cancelled on the effective date and for shareholders long FTR on that date, it would be your "sold" date for tax purposes." that is what happened to Frontier. 3. BioAmber did trade after the head fake bankruptcy, (only similarity) but then the valuable shares were shelved awaiting future action from the restructuring, in the best interest of all stake holders, not declared worthless for tax purposes. (difference) BIOAQ becomes ??? for the win!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.