The truth is out on BIOAQ. PwC is not lying. Only the first few secured creditors are receiving anything. Which means the other secured holders are impaired, all the unsecured creditors are impaired, and the equity (common stockholders) are impaired. By LAW, they will all be cancelled at the conclusion of the bankruptcy.
That is the law, and how bankruptcy works. BIOAQ is not immune to the force of law.
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