Replies to post #66537 on BioAmber Inc fka BIOAQ

[1manband]

The shares will be cancelled not in the CCAA, as they have no authority over the US incorporated parent, but instead by the US Bankruptcy Court.

BIOAQ cannot leave bankruptcy without satisfying ALL the creditors for 100% of what they are owed. And there is zero chance of that happening.

Which means, BY LAW, the common shares will be cancelled.

And anyone holding the common shares will lose everything.