Replies to post #51330 on BioAmber Inc fka BIOAQ

[Brucebannerr]

Liqidate the assets and restructured into a debt ridden no bussiness shell .

[Brucebannerr]

Excellent DD ! Kills any class action lawsuits also . Cant sue the board , Eno , Pwc nobody . Shareholders get squat unless all creditors are paid in the CCAA process . Also means no reverse merger can happen if all creditors are not paid in full .

In addition, no amounts relating to "equity claims"[17] may be authorized by the court under a compromise or arrangement until all other claims are first paid in full.[18] "Equity claims" have been held to include any claims shareholders may have against third parties in certain circumstances.[19][20][21]

[TheRealMrPirate]

$BIOAQ Don't take the CCAA working out of context, you're not helping yourself of anyone else. As long as you understand that a CCAA proceeding is part of the Bankruptcy & Insolvency Act then ... The restructuring part is a 30day initial protection, PWC has already covered it & also moved to a SISP sales process which unfortunately failed...there were no buyers, therefore the stay was extended to allow PWC to pursue a different direction. Unfortunately for us, we know how that went and now have no major assets or business model to go along with our shares....so... :(

[Lucky77Dice]

Good read !