Replies to post #96625 on BioAmber Inc fka BIOAQ

[trader59]

According to Delaware corporate law, the charter of a company that is delinquent in filing an annual report and paying their state taxes is voided after 1 year. The last status for BioAmber, Inc., was March of 2019 showing over $300K of delinquent taxes. The company is completely out of business, so when the 1 year is over in March of 2020, Delaware will void that charter.

Right now the shares are equity in a company that only exists on paper. After Delaware gets done, the shares are equity in absolutely nothing.

[Brucebannerr]

FACT , the cancellation of trading in the shares of the debt ridden shell was announced weeks ago . FACT BIOAQ no longer exists as a tradeable stock and can not be quoted anywhere. Sounds cancelled to me .
can·cel


1.
decide or announce that (a planned event) will not take place.