Replies to post #102386 on BioAmber Inc (fka BIOAQ)

[trader59]

Filing for bankruptcy, any chapter, gives the debtor protection from its creditors. It's for companies having difficulty paying their debts, and a company with a value of $540M and a debt (with liabilities) of $100M has a lot of options, $440M of net equity to draw against by getting a loan against it or even by selling stock. There is no universe that a bankruptcy court would accept a bankruptcy filing for a company with that net value as it is in no financial distress. That is truly ridiculous to even suggest.

[dalesio_98]

Common for creditors to get reimbursed 5-15%.

Of course they don’t “go bankrupt” BIOAQ didn’t “go bankrupt” either. . And creditors only complain about what effects them negatively. They didn’t complain about the Visolis transaction which if there was nothing else coming would have affected them very badly. So there is always that.