Replies to post #84902 on BioAmber Inc fka BIOAQ

[HymanMinsky]

Interesting opinion, thanks for sharing

[Brucebannerr]

The monitor will not be the one to cancel the shares . And unless he could see into the future he could not have known the outcome a year ago . But as the Sec. plainly spells out if you invest in a Q stock you will probably lose your money . So anyone trading after the Q was added is the only one responsible for any losses.
The monitor was granted powers in the CCAA to liquidate the assets not babysitting shareholders.
But from the 8k filing he made a year ago he plainly informed the sec on the outcome of the liquidation.

The liquidation of the Company’s assets will result in little to no residual value for non-secured creditors, and no residual value for equity investors of the Company.

[THEDOG 17]

Good one GOOD THINGS COMING VERY SOON!!!

[randomwalk007]

Well put. Monitor did not want to establish any equity value while negotiating class action or in advance of any other settlements.

[JohnR767]

This is worthy as a follow!!!

[trader59]

LOL

Don't hardly even know where to start with this latest fairy tale.

The monitor has been very clear in its documentation of the proceedings and transactions, and have told the equity holders the expected outcome. Those equity holders have been and are in denial, seemingly convinced that a company whose assets were liquidated and that still carries a massive debt somehow has value.

Once the assets are gone and the debt is barely even touched, and the monitor says equity holders get nothing, the outcome is and has been clear. The monitor cannot cancel the equity no more than they can discharge the remaining debt, that is up to the courts and judges to do, and they will.

Put bluntly, the monitor told equity holders (shareholders) they're getting nothing, but it comes down to the old saying about leading horses to water.