Replies to post #66401 on BioAmber Inc fka BIOAQ

[Brucebannerr]

B. Shareholders may be able to leverage their vote on a Plan of Arrangement against creditors for unfair gain.

Hows that vote working out for you ?

[trader59]

There will be no shareholder vote. The monitor controls the company under the authority and oversight of the bankruptcy courts. Anybody here get asked if it was OK to liquidate the assets? Nope.

[I-Glow]

Sorry once again - the Chapter 15 filing is so the company has access to the US Bankruptcy laws.

The Court assumes the shareholders will vote against a plan where their shares are canceled will vote against the plan.

Since the secured creditors are impaired - now the unsecured creditors won't vote for the exact same reason.

It makes it very clear that the Equity Interest will be terminated.

Facts always beat the pinkyland wishful thinking.

IG