Replies to post #44436 on BioAmber Inc (fka BIOAQ)

[Bitte]

And yes the creditors and dip lenders were consulted on the deal, and agreed upon too.

[1manband]

There are possibilities where not all creditors get paid and shareholders stay alive. True or false?

One more time.

Common shareholders are DEAD LAST in line for assets. BY LAW, all the classes in front of them (debtors, creditors, and preferred shareholders) must be satisfied 100% in order for common shares to receive anything. That includes surviving the bankruptcy, as survival is considered a payment.

We already know from PwC's filings that the only secured creditors receiving any funds are the DIP funder, who is being paid in full as they have the first priority on assets, and Comerica, who has second priority and is receiving everything left over, which only provides partial payment of what they are owed. Everyone else, including the other secured creditors and ALL unsecured creditors, are getting nothing.

Which means common shareholders get nothing, including having their common shares survive.

That is the LAW. And the Company already told common shareholders they would be getting nothing 3 weeks ago. This should not come as a surprise to anyone.