Replies to post #68534 on BioAmber Inc fka BIOAQ

[trader59]

The joint venture only purchased the assets. That is clearly documented and undeniable fact. The company was not purchased.

[lineItemVeto]

That would've been nice, if it were so. But it ain't.
BIOAQ is just a BAD investment. NO WAY OUT

[1manband]

"foreign main proceeding" does NOT grant jurisdiction or remove the authority of the US courts.

That is not factual, and I have no idea where that claim originated, except that it fits with the fantasy that the stock won't be cancelled.

The US court retains complete authority over the US incorporated parent company. That is why they have to approve everything that happens in Canada.

The common stock WILL be cancelled. It is the LAW.

[1manband]

None of that is factual. NONE of it.

This is a simple bankruptcy. The assets have been liquidated. The Canadian subsidiaries are being wound up under CCAA, and the US company will be wound up under the US Bankruptcy Code.

The common stock will be cancelled by the US court at the conclusion of the bankruptcy.

Very simple. The common stock will be cancelled, and anyone holding shares of BIOAQ will lose everything.

[Pnypnchr]

Thank You Koan. Awesome DD, awesome plan.
Safest Q stock ever.

$ BIOAq Long and STRONG