Replies to post #42215 on BioAmber Inc (fka BIOAQ)

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The Law Firm the entity is using

Norton Rose Fulbright

The equity capital markets team at Norton Rose Fulbright is instructed by issuers and investment banks and provides UK and US law advice in connection with a variety of equity transactions. Most notably, the group has been involved in multiple high-value share buy-backs and sell-downs in 2016

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JustFishing25 Thursday, 09/20/18 12:48:47 AM
Re: rsfess post# 42052 0
Post # of 42215

Found this on the web about the law firm that visolis is using

[TenKay]

"Question: where did you see this?"

Actually, I should clarify as you are correct, there is no filed financial statement that shows that...as nothing have been filed for a financial period in 2018.

When a bankruptcy goes as far as a liquidation, it is essentially a recognition that all claims against the company exceed the fair market value of the assets.

But that has to play out to actually demonstrate it.

As for the "liquidation" the assets are being sold in whatever form. They are being liquidated (turned into cash) to pay off the creditors.