Replies to post #78425 on BioAmber Inc (fka BIOAQ)

[trader59]

No, that is completely false. Recapitalization was an option that could be bid, not a requirement.

Read paragraph 4 on that first page, first sentence, read every word carefully:

"Bids can also be submitted for the recapitalization of BioAmber." That is absolutely not a requirement, and there's not a way for it to be distorted into a requirement.

Plus, and here's the kicker, the high bid that was received had no "optional" recapitalization element to it, it was legal, accepted, and the sale has closed.

SMH

[Baba Yaga]

Thx for stopping by , hope you had great vacation

[rbtree]

All fantasy. The shares will be cancelled..and soon.

Book it. That. Is. All.

[I-Glow]

Using the 5th Monitor's Report as usual is meaningless - read the 10th thru the 13th Monitor's Report.

But more importantly read the following:

"Judgment in respect to further distributions and the termination of the CCAA Proceedings"

https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-064_070319.pdf

Item #71 is of significant interest to shareholders.

Are the "shares safe" LMAO!

The Equity holders are going to lose their entire investment - just as has been stated by those that understand Q stocks.

Crane was shut down - a waste of time and money.

In item #71 - the Judge stated there is no longer any need or chance to restructure BioAmber - as the 3 companies no longer have any assets or funds to resume operations.

Also the Judge terminated the CCAA Proceedings.

The Judge ordered the distribution to the Secured creditors.

Say Adios to the BIOAQ shares as they will be cancelled when FINRA delists the ticker.

So much for all of the nonsense about the "shares are safe".

IG