Replies to post #66525 on BioAmber Inc (fka BIOAQ)

[1manband]

Bankruptcy law is not debatable, as it is among the most strict laws in the world. And it is not open to interpretation.

The common shares cannot, and will not, survive without every class in front of them being 100% satisfied as to what they are owed.

Since there is zero chance of that happening with BIOAQ, the common shares will be cancelled.

PERIOD.

It really is that simple. And always has been. The ultimate fate of the common shares has never been in doubt since the SISP failed and the full liquidation of all BIOAQ's assets was begun.

[trader59]

What, exactly, do we think happens to a company that is an empty shell with no remaining operations (assets were liquidated, an undeniable fact) that has $80M of debt that it cannot repay and is in bankruptcy proceedings?
What will happen is the judge will discharge the remaining debt and the equity (the shares) and the company will cease to exist. That's how it works. Every time.