Replies to post #68493 on BioAmber Inc fka BIOAQ

[trader59]

The stock holds no value, and the monitor has said so in their 10th and 11th reports. The general rules and things that the various companies can do in CCAA are no longer an option for BioAmber. They liquidated the assets, and that is clearly documented and absolutely undeniable. There’s nothing left but an empty shell with massive debt. This company is toast when it returns to the US courts, as the judge will have no choice but to discharge the remaining debt and equity (the stock) and close BioAmber for good.

Shareholders will lose 100% of their investment in this stock.

[1manband]

BIOAQ is BANKRUPT. The US Bankruptcy has legal supremacy over the CCAA, which has no jurisdiction over the US Company, including the common stock, or the US assets.

Under US Bankruptcy law, the common stock will be cancelled.

And, BTW, it would be cancelled under CCAA, too, as the company has been liquidated. But CCAA can't cancel the common stock, as Canadian courts have no jurisdiction over a Delaware incorporated company. The US Bankruptcy Court will cancel the stock at the conclusion of the US Bankruptcy case.

[rbtree]

Poppycock. The stock is worthless.

1manband
Post # 68497

BIOAQ is BANKRUPT. The US Bankruptcy has legal supremacy over the CCAA, which has no jurisdiction over the US Company, including the common stock, or the US assets.

Under US Bankruptcy law, the common stock will be cancelled.

And, BTW, it would be cancelled under CCAA, too, as the company has been liquidated. But CCAA can't cancel the common stock, as Canadian courts have no jurisdiction over a Delaware incorporated company. The US Bankruptcy Court will cancel the stock at the conclusion of the US Bankruptcy case.