Replies to post #48514 on BioAmber Inc fka BIOAQ

[trader59]

They sold every single share of the 8,198,266 after BIOAQ filed for bankruptcy. NN is an experienced investment manager who knows how to read bankruptcy documents. They KNOW the stock is worthless and will be cancelled, so they dumped all their shares and got what they could before that happens.

As will every experienced investor that knows how to read those documents. It is very clear, the factory and all other assets get sold, the funds from that sale get distributed to the debt holders, and *poof* the company will go away. I don't care if you believe the final number was higher than $4.3M or not, the document was very clear that whatever you want it to be, one debt holder is made whole, another is partially paid, and the rest are holding bags, including shareholders.

How anyone can read anything else into that document is stunning and either the product of denial or one of those "please hold your shares while I sell mine" deals you see on the OTC. The chorus repeated over and over of "it says all stakeholders, so they must mean me" is going to get really quiet once the choir is done selling their shares to the congregation.

[youngster-moon]

They bought back in