BioAmber Inc (fka BIOAQ)

[dalesio_98]

The former board members had the authority to dispense with shares, they jumped ship leaving the court appointed PwC Monitor with no authority to do so. Hence, Monitor contacted FINRA which they could do.

Shares are cancelled by PwC when they have the authority to do so earlier in the process, not at the liquidation stage.

Shareholders receive(d) zero (0) as creditors have not been made whole.

Unfortunately, school of hard knocks, with some or most still in disbelief. Live and learn.

Shareholders should have made an offer for their company, could of been master of the BioAmber domain, had they followed my suggestion. You all banded together to seemingly fight, but not to purchase under SISP. Don't dare say shareholders are one. Water under the bridge some 6 years later.

The result would be the same had BioAmber been declared bankrupt, assets wouldn't make creditors whole.

Good luck to All!

What's the difference between upfront purchase price, and aggregate purchase price. The reason I ask is Pwc uses aggregate in the CCAA's where shares are cancelled? Upfront will definitely be a hard lesson for some!!! Annddd the Nnneeewwww.....