Replies to post #99645 on BioAmber Inc fka BIOAQ

[trader59]

I agree, the 10th monitor's report, the final CCAA order, the CUSIP suspension and ticker deletion, and the Morin letter were clear, yet you still see Tweets about being "left in the dark." LOL!!! It's the most stunning thing on the OTC, being told over and over and by different court officers and now a lawyer representing the company being pestered that the shareholders are getting NOTHING, and still they're claiming to be in the dark.

[eddy2]

The question should be why there is a chapter 11 and why that is significant. The company must pay the shareholder that they can release funds for payment of the debt. A public company is controlled by the common share holders and if funds are tied up through the release of capital from the parent company then the public company defaults.

The question then is why are the funds held up. That usually takes us to the receivables being tied up. The payables and collateral is in the control of the debt holders and the common shareholders. If the bond holders and common share holders elected board can’t get at the funds controlled by the shareholders and parent company they must file a chapter 11 notice.

All employee pay as well is paid and controlled by the parent company as they are responsible for tax payment. All tax credits is controlled by the common share holders elected board members.

It is a system of check and balances. Take from Paul and lend too Peter with Johns approval.