Replies to post #64425 on BioAmber Inc (fka BIOAQ)

[I-Glow]

In bankruptcy in most cases the common and preferred shares are referred to as Equity Interest - this is confusing most that have never been involved in a Q stock before.

But the 10th Monitor's Report clearly states the Equity Interest doesn't have any value and this was reported to FINRA.

The Monitor didn't understand that this is the OTCM and the investors are very sophisticated and didn't understand that they have to spoonfeed the shareholders.

I suggest you read the 10th Monitor's Report - items 16 through 19.

IG

[I-Glow]

Then for once post a link to a document that states the common shares will remain intact.

A thousand posts about the common shares are safe - but not once any proof - just more pinkyland wishful thinking.

IG

[I-Glow]

"For allowed claims, the Bankruptcy Code establishes a hierarchy for payments that takes account of contract rights, state law, and bankruptcy principles. Those at the front of the line – secured and priority creditors – have a decent chance of at least partial recovery. Those at the very end -- equity holders -- rarely receive anything."

https://www.arnoldporter.com/en/perspectives/publications/2016/05/bankruptcy-101-for-investors-pcs-article-1

The Monitor stated the Equity Interest doesn't have any value - plus the secured and unsecured creditors are impaired so the common shares will be cancelled.

IG

[rbtree]

PWC has no reason to "be clear" as to the actual share cancellation, as they are not the ones that decide that. It is not their jurisdiction, nor is determining it part of their "job description".

It is, however, the law, in ALL b/k cases where the debtors, secured or not, are not made whole, that holders of common shares get nothing.
Zilch. Nada.