BioAmber Inc fka BIOAQ

[Koan]

Are you seriously suggesting to shareholders that they can take a tax loss and retain their shares?

You do not "forfeit shares" when you claim a capital loss. - TheRealMrPirate

Is this your professional advice as a lawyer to shareholders?

Shareholders cannot take a tax loss without "forfeiting" their shares. Whatever word games or semantics you want to play, claiming the loss makes them worthless, such that there could never then be a capital gain. Think of shares as actual pieces of paper. You cannot claim a tax loss and a capital gain. It will be one or the other, or neither. If you claimed a loss, your shares are definitely now worthless. And that is entirely different than having the opinion that shares are worthless before taking a tax loss, which of course is the fundamental back-and-forth that continues to occur in regards to BioAmber.

So, if you want to play word games and say the shares are "still in the account", fine, albeit they now have a different status, but that is really threading the needle and close the proverbial fire of disinformation. Once a tax loss is taken there is zero reason for shares to remain in the account. Perhaps they do it differently up there in Canada, but once a tax document is created by the broker there is no reason for that position to remain "sitting there".

In any case, shareholders should always check with their broker, attorney, or tax advisor before making such a decision, and definitely not listen to the temper tantrum ramblings of disgruntled internet attorneys.

DO GOVERN YOURSELVES ACCORDINGLY