Replies to post #59909 on BioAmber Inc (fka BIOAQ)

[trader59]

Again, FINRA was notified by the monitor that shareholders will see no recovery from these proceedings. FINRA can act anytime from here on out.

Edited to add: I think they did it to squash all the chatter about shares they know to be completely worthless.

[rbtree]

Nonsense. Today's monitor report makes it very clear what is coming down the pike. This should come as no surprise, as the warnings have been provided here over and over again by those who understand the procedures.

[I-Glow]

I suggest you actually take the time to read the 10th Monitor's Report.

Here you go:

"As such, the Monitor does not believe that holders of equity interests or equity claims of the Company, including shareholders of the Company, will realize any value in the CCAA Proceedings on account of their claims or interests. The Monitor has informed the Financial Industry Regulatory Authority (“FINRA”) of this anticipated outcome."

For edification - Equity Interest is the Common and Preferred shares.

So we know the exact reason the Monitor contacted/alerted FINRA about the commons being cancelled.

Those are cold hard facts - not the bluesky smoke blowing nonsense that is posted 247 saying the commons are "safe".

IG