Chapter 11 is first step. Bankruptcy the final step. Somewhere in-between lays a new start up company. With the information now available shareholders have no idea what a new company will look like.
There is zero reference to how debit will be handled, or share restructuring if financing is gotten. All you know for sure is the court said they can try to find funding and then restructure.
July 31 or any date between now and then can end this all.
Note in the last 8k;
There can be no guarantee (i) that BioAmber will be successful in securing further financing or achieving its restructuring objectives, or (ii) that, in the event of the completion of its restructuring process, BioAmber’s shares will have any value. Failure by BioAmber to achieve its financing and restructuring goals will likely result in BioAmber and/or its subsidiaries filing for bankruptcy.
This means your betting on a wish & hope. Even if funding takes place, you have no idea who gets what during the share restructuring. Common Shareholders may end up completely wiped out with debit holders holding all newly issued stock. No idea where you found there are no preferred holders, but they also will be bargained as to how much ownership they end up with, if they exist.
Yes there is RISK !
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