Replies to post #46140 on lowtrade

[lowtrade]

Can you link me to that news of R/S & A/S cancellation? And why would anyone buy the price up 75X for going into chapter 11 instead?

[lowtrade]

As for the;

ruling simply changed the type of bankruptcy from chapter 11 to one that was under Canadian jurisdiction?

the May 4 8k

BioAmber Sarnia Inc. and BioAmber Canada Inc

The Subsidiaries will continue to operate their businesses as a “debtor-in-possession” under the jurisdiction of the Quebec Superior Court and in accordance with the applicable provisions of the Canadian Bankruptcy and Insolvency Act. Pursuant to such filings, the Subsidiaries have thirty days from May 4 to make a proposal to their creditors

THE June 8K RULING;

The stay of proceedings against the petitioners has been extended by the court to July 31, 2018, consistent with the timing of the SISP;


All I see is an extension of time in Canada for the Canada chapter 11 case of BioAmber Sarnia Inc. and BioAmber Canada Inc..

There is still a US case for BioAmber Inc. I think the parent.