Replies to post #75913 on BioAmber Inc fka BIOAQ

[lineItemVeto]

So there's no documentation supporting your position.

[I-Glow]

It seems you don't understand the function of the CCAA.

For the CCAA the scope of POA is up to the discretion of the court - and the court ordered the liquidation of the BioAmber assets.

The restructuring option wasn't available after the Court ordered first sale - going concern didn't produce any bidders. Then it was time for liquidation.

Since the Equity will be cancelled that is why the shareholders didn't vote on the Plan - the Court assumes the shareholders will vote against the Plan.

On May 24th the Court ordered:

"authorizing a distribution of net proceeds from the sale of the Debtors' assets to the Debtors' secured creditors"

IG

[I-Glow]

Only desperate shareholders are expecting anything from the CCAA.

In the May 24th Court Order it stated:

"authorizing a distribution of net proceeds from the sale of the Debtors' assets to the Debtors' secured creditors"

Absolutely nothing goes to the equity holders - as is clearly stated by the Quebec Court.

The scope of the Plan is at the sole discretion of the Court.

Post your DD from a Court Order or Monitor's Report that states the "Shares are safe".

IG