Replies to post #79577 on BioAmber Inc fka BIOAQ

[rbtree]

Thanks! Great post. Stickied. Must read. Proves that the company and shares will soon disappear!

Read the following - it is hardly speculation but cold hard facts that the Equity will be cancelled.

"Regardless of the type of bankruptcy a company files under, any common stock in a bankrupt company is likely to be worthless. That is because the common stock (that is, “equity”) is the last in line to receive what’s available to be distributed in a bankruptcy proceeding. Creditors, including bondholders, suppliers and employees, all come before holders of the company’s common stock. And, even if a company successfully reorganizes, its plan of reorganization often cancels the existing shares of common stock."

"Note: “Q” is for Caution. Once a company files for bankruptcy, a “Q” may be added to its stock symbol to indicate the company’s bankrupt status. If the company issues new stock as a part of its reorganization plan, the new shares will be traded without the “Q” and the “old” shares (if still traded) will retain the “Q.” Investors are often confused by the fact that, despite the likelihood that the common stock of a bankrupt company will be cancelled, the company’s securities may continue to trade after the company has filed for bankruptcy protection"

"How Are Assets Divided in Bankruptcy?

Secured Creditors - often a bank, is paid first.

Unsecured Creditors - such as banks, suppliers, and bondholders, have the next claim.

I also suggest you real 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

Stockholders- owners of the company, have the last claim on assets and may not receive anything if the Secured and Unsecured Creditors' claims are not fully repaid."

Why do you think the shareholders were never allowed to vote on the Plan - it is because the Court assumes the shareholders will vote against a plan where the Equity will be cancelled.

Shareholders had to sit and watch without any input.

[youngster-moon]

Lol I’m so scared.... NOT

[IOUBLOKE1]

How it all srarted

Dated MAY 4th 2018

What happened to Bioamber. WHat is Happening to Bioamber.

In the Court Documents Bioamber was Required to change its Name but Not the USA. What does this tell us

Below is From a NewsWIre

There can be no guarantee that the company will be successful in securing further financing or achieving its restructuring objectives. Failure by the company to achieve its financing and restructuring goals will likely result in the company and/or its subsidiaries being forced to cease operations and liquidate its assets.

[https://www.prnewswire.com/news-releases/bioamber-announces-filing-for-stay-of-proceedings-on-creditors-300643042.html](https://www.prnewswire.com/news-releases/bioamber-announces-filing-for-stay-of-proceedings-on-creditors-300643042.html)

Looking deeper. More than 300 associated member, member shareholders.

Together as a confident calculation relevent to all those whom shared. 75 million shares plus

FOR THE BENEFIT OF $$ WHAT AND WHEN WHERE AND WHY.....AT THE END WE MUST, MUST WE ACT.SHOULD BE OF ANY NECESSITY

[HymanMinsky]

That’s a neat generic warning

[rbtree]

Another post that should be stickied, but your post is also deserving:


1manband Sunday, 08/11/19 10:17:40 PM
Re: Koan post# 81991 0
Post #
81994

No, this is basic bankruptcy 101. Anyone investing in a bankrupt stock should already know this.

Except for the secured creditors, which actually have a ranking based on their security, all the unsecured creditors, preferred shareholders, and common shareholders are ranked equally. The entire class is treated equally. Therefore, the amount the receive in any bankruptcy is given as a percentage. Not a dollar amount.

For example, say there is exactly $100 million in unsecured claims. Under the bankruptcy, there is $30 million to pay the unsecured claims. That would mean unsecured creditors are 70% impaired (or, they will receive 30% of their claim, or 30 cents on the dollar) as each claim receives a pro rata amount of the pool.

The same is true of the common shares. It is always a percentage, not a dollar amount, as each shareholder will own a different amount of stock but will receive exactly the same percentage amount of their claim.

Thus, the idea that it is a dollar amount and not a percentage is false. It is always given as a percentage in bankruptcy cases.

And in the case of BioAmber, common shareholders are 100% impaired. They receive NOTHING, and anyone holding BIOAQ common shares will lose 100% of their investment.