Replies to post #45577 on BioAmber Inc fka BIOAQ

[Homebrew]

It is closing it's doors. The business is not being sold. Assets were auctioned off.

...as long as the company can claim portions of the restructuring/sale of a business not closing its doors

[TenKay]

The company is not being sold as a going concern. There was zero interest in buying the company or any re-structuring.

It went to liquidation. The plant is being sold as an operating asset.

DIP lender Maynbridge has first claim and are getting paid back
Comerica has second claim and are getting partially paid back
Mitsui has third and is getting nothing...so far.

Then there are over 180 unsecured creditors with claims totaling over $20 million..they are getting nothing.

And below them are common shareholders.

If there was enough money to pay off even just the secured creditors Mitsui would not have made that filing.

But the fact that there won’t be enough to pay off the secured creditors, let alone the unsecured creditors should be a pretty strong indication that common shareholders are holding a zombie ticker...it might still be walking, but it’s dead.