Replies to post #79543 on BioAmber Inc fka BIOAQ

[1manband]

Hate to tell you, but shares ARE cancelled after CCAA unless the creditors are 100% satisfied. Most CCAA cases do result in the complete cancelation of the equity.

But, that does not apply in this case as BIOAQ is a Delaware Corporation. The United States Bankruptcy Court for the District of Delaware has jurisdiction over BioAmber Inc. and its common shares. They will handle the distribution of the process from the liquidation of BIOAQ's US assets to the US secured creditors, expunge the remaining unpaid debt, and then cancel the equity (common shares) as the company is wound up.

That is the LAW. And it is what will happen here. Anyone holding BIOAQ common shares will lose 100% of their investment.