BioAmber Inc (fka BIOAQ)

[toncatmad]

You said you have traded for 36 years yet don’t know anything about the bankruptcy and liquidation of a PUBCO. Do you know anything about Corporate finance and investing in Q stocks? It sure doesn’t seem like it lol.


The company did not change ownership only the assets were purchased. LCYB got all of the assets and none of the debt or shares. All the assets were purchased for $4.34 mil. This is all in black and white between the court docs, sec filings and monitors reports. The final 8k if
Hmmm ever read states clearly that

“The liquidation of the Company’s assets will result in little to no residual value for non-secured creditors, and no residual value for equity investors of the Company”
I would say take a quick read but I suspect reading isn’t fundamental to you.

The NOLS are gone long gone lol. In order for them to use the NOLS they would have had to purchase the shares as well which did not happen. This was a firesalw CC bit g bc CC gym asset purchase.
FKA BioAmber was liquidated for tiny fraction of its liabilities which left all of its creditors impaired. The shares are forever worthless and the NOLS are gone.