Replies to post #92118 on BioAmber Inc fka BIOAQ

[1manband]

Sorry, but no. BIOAQ is not a private company, as it is in default in Delaware. It is being wound up and cancelled.

That should happen shortly, if it hasn't already.

The company will cease to exist, and the shares officially cancelled.

That is the LAW. This is how bankruptcy actually works in the real world.

The common shares are now, and forever will be, completely worthless. Anyone holding BIOAQ common shares has already lost 100% of their investment.

[dragon52]

Incorrect. Delisting does not make it Private until the Stock Registration is revoked or removed.

That is one of the moving parts that make stocks tradable on an open market. The CUSIP identifies what company it is, as each is assigned a CUSIP number. Having the CUSIP suspended or revoked, makes the stock untradable on any market to include the GREY market, since it cannot be identified.

If this was delisted but still had an active CUSIP, you would be able to buy or sell on the Greys but you would have no quotes.