BioAmber Inc fka BIOAQ

[toncatmad]

Yes it can due to the outcome of the liquidation. BioAmber was insolvent and couldn’t pay its $100 plus mil in liabilities. So it was ordered to be liquidated. Since all the assets only sold for about 5%of its liabilities with Zero chance of ever paying it back. as They have no assets of any kind, no employees, no BOD, no contracts and no business operations. Nobody is going to pay upwards of $100 mil for a dead shell with Zero assets and even that would have to be approved by the presiding judge as well. The FINRA suspension is indefinite. The ticker was deleted and the CUSIP can’t be used again. The NOLS are gone. The liquidation was the end.
The shareholders could have spoke up but didn’t and neither did the creditors. The shareholders had no say. It was all public and despite what some desperate FKA BioAmber shareholders say it wasn’t fraud. BioAmber was a money pit