Replies to post #131090 on BioAmber Inc fka BIOAQ

[dalesio_98]

BioAmber Provides Update on Liquidation Process & Announces Resignations of Board Members and Officers
Aug 31, 2018, 16:05 ET

MONTREAL, Aug. 31, 2018 /CNW Telbec/ - BioAmber Inc. (the "Company") (OTCPK: BIOAQ) announces that following a Court order issued on August 28th, 2018, the stay period ordered by the Court in connection with its restructuring process under the terms of the Companies' Creditors Arrangement Act has been extended until September 18th, 2018, in order to give enough time to the Company, along with its monitor PricewaterhouseCoopers ("PWC"), to carry out the recently initiated liquidation process.

As a result of the liquidation process, all of the directors and officers of the Company and its subsidiaries have resigned, leaving PWC to oversee the process in its role as monitor, under the supervision of the Court.

There can be no guarantee that the Company will be successful in securing an acceptable offer in connection with the liquidation of its assets. Moreover, if an acceptable offer is received, the liquidation of the Company's assets will almost certainly result in no residual value for non-secured creditors and equity investors.

Newswire

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Sarnia-tied BioAmber's board and executives resign

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 28, 2018, Kurt Briner, Robert Frost, Heinz Haller, Ellen Richstone and Kenneth Wall each resigned from the Board of Directors of BioAmber Inc. (the “Company”), including all committees thereof, and on August 29, 2018, Raymond Land resigned from the Board and all committees thereof. No director resigned because of any disagreement with the Company on any matter relating to its operations, policies or practices.

On August 31, 2018, Richard Eno, the Company’s chief executive officer and director, Michael Hartmann, the Company’s executive vice-president and president of BioAmber Sarnia Inc., James Millis, the Company’s chief technology officer and Mario Settino, the Company’s chief financial officer, each voluntarily resigned from their offices at the Company.

A copy of the press release by the Company announcing the above-described executive changes is furnished with this Report as Exhibit 99.1.

SEC FORM 8-K

PwC was appointed by the Judge and no one bid on Bioamber as a going concern - then the judge ordered Bioamber be liquidated - and the Judge signed off on the Liquidation.

Why don't you write something similar to a Amicus Brief to the Judge and after he stops laughing since the case/bankruptcy has been closed. The Judicial Secretary will write you a Form letter that states your comments are germane to the Bankruptcy and suggest you read the PwC filings and stop living in pinky fantasyland.

Shareholders are holding worthless stock - if you believe shareholders own Bioamber then tell everyone what exchange they can buy or sell the stock.

IG