Replies to post #123740 on BioAmber Inc (fka BIOAQ)

[Real McCoy]

Shares were not suspended. That is an SEC function, usually due to failure to report, and is limited to 10 days. The Monitor knew the outcome only hours before you did, as they were required to report everything in real time. When the SISP failed, they reported it and sought approval to liquidate. When that approval was granted, the employees were let go and the board resigned. When the liquidation closed they reported it to FINRA who stepped in an suspended the CUSIP to prevent trading.

Aside from jurisdiction issues that prevented timely cancellation, there really aren't any questions. Certainly none that matter, anyway.

I am flabbergasted that you keep mentioning the same things (like share cancellation) that keep getting corrected while declining to present one (1) single piece of defensible evidence.

[TheRealMrPirate]

Delaware #4612067
(1) The "shares" are not suspended.
(2) The monitor didn't know of the outcome before the BOD were dismissed, the creditors have to accept & the court has to approve. The monitor does not have the power to cancel the shares.
(3)The outcome was not determined until the transaction was approved finalized in both countries.
(4)The court finalized the decision & FINRA was notified as required upon company insolvency. The discharge of the monitor has nothing to do with the indefinite cusip suspension directly. The discharge is the end of the proceeding for the monitor, their job was finished.
*** NO shareholder questions were ignored. There was an open window directly to the court / judge in the proceeding that *ANYONE* could have objected to any part of this. It is now closed permanently. #FACT
**There are no pesky shareholder questions remaining. The share certificates in your account are not attached to a ticker & are no longer attached to the name "Bioamber". #FACT

[Brucebannerr]

Can't cancel shares without a plan . They had no plan . Can't suspend trading until the bankruptcy is over as nobody could predict the outcome of the liquidation. That's why they put a Q on the end of the stock symbol . But realistically it was delisted from both the Canadian and NYSE the day it filed for bankruptcy. That should have been a clue that it's not going to end well .

[dalesio_98]

The monitor only became the monitor after the board resigned (jumped ship). To reiterate, only the board could have cancelled shares prior to resignation, the monitor could not do so thereafter!

It is common under BIA or CCAA that no value will be realized by shareholders as creditors must be made whole prior to any shareholder distribution!

"Shareholders remain with questions", they always will.

As I've indicated to a large shareholder, PwC could have worn different hats in the BioAmber file. Was PwC appointed financial advisors to BioAmber at any time prior to the CCAA filing?

So liquidation due to chapter 15 leads to shares being… suspended? Lol… The monitor knew the outcome from before the board resigned but they didn’t cancel shares, the monitor then stated they “believe” no value will be realized from the CCAA and have informed Finra of this “anticipated” outcome. What would change the outcome in Feb 2019 if the transaction closed October 2018? Why did Finra let shares trade until November 2019? What action then triggered the suspension in November and not December when the monitor was discharged? Many of the questions shareholders had were ignored due to confidentiality and efficiency, what is efficient about this process. 4 years later and pesky shareholders remain with questions