Replies to post #68038 on BioAmber Inc fka BIOAQ

[Longstrongsilver]

Exactly! Also “not anticipating any transactions with the shares” doesn’t mean they won’t be rising in value organically when they continue trading. This would also be in “best interest of all stakeholders” fitting all narratives. Pretty simple stuff and breaks none of THE LAWS

[daytrademoney]

They can't legally state it because the shares will surge. It'd be scamming investors.

They have to stay within legal parameters of in between. Only will it be stated at the end of the process.


You make a good point.

[I-Glow]

Once again, using information from October 2018. Let's look at something more current from the Monitor's Report:

"18. The net proceeds realized to date, and anticipated to be realized, are substantially less than the quantum of the Company’s secured and unsecured claims. The proceeds from the Visolis Transaction totalled US$4.34 million. The cash on hand at the outset of the CCAA Proceedings and the net proceeds from the Company’s other assets are expected to be almost fully used to pay the costs of the CCAA Proceedings, including the Company’s operating costs as well as the costs associated with the SISP and Second Sale Process. There remain few other assets to be realized.

19. As such, the Monitor does not believe that holders of equity interests or equity claims of the Company, including shareholders of the Company, will realize any value in the CCAA Proceedings on account of their claims or interests. The Monitor has informed the Financial Industry Regulatory Authority (“FINRA”) of this anticipated outcome"

The Monitor felt strongly enough about the statement to inform FINRA.

IG