Replies to post #132231 on BioAmber Inc (fka BIOAQ)

[dalesio_98]

WOW!

it is therefore restructuring with paid private trustees (Pwc??)

This is an exhaustive list of companies ...

Please note
The default status of a reporting issuer shown on the list is as of the date of the last update indicated.

BioAmber Inc. - In default - 1c, 1e

1c. Failure to file an annual or interim management’s discussion and analysis (MD&A) or annual or interim management report of fu nd performance (MRFP).

1e. Failure to file a certification of annual or interim filings required by Multilateral Instrument 52 -109 Certification of Disclosure in Issuers’ Annual and Interim Filings
(MI 52-109).

BioSyntech, Inc. - 1a, 1c, 1d, 1e, 3 - declared bankrupt Sept. 2010

1a. Failure to file annual financial statements.

1c. Failure to file an annual or interim management’s discussion and analysis (MD&A) or annual or interim management report of fu nd performance (MRFP).

1d. Failure to file an Annual Information Form (AIF).

1e. Failure to file a certification of annual or interim filings required by Multilateral Instrument
52 -109 Certification of Disclosure in Issuers’ Annual and Interim Filings
(MI 52-109).

3. Failure to pay a fee required by the Act or the regulations

[Real McCoy]

What a huge joke. Just gibberish.

[THEDOG 17]

Wow !Thanks for the information Biowin ! Good Things Are Coming Very Very Very Soon!

[toncatmad]

Insolvent companies who liquidate and can’t pay more than a fraction of their debts will never come back or restructure this is very basic info everyone knows.

BioAmber had over $80 mil of debt they couldn’t pay. Had no offers in the first SISP that included an LOI and deposit. In the second SISP BioAmber got multiple offers to purchase the assets, part of the assets OR the shares. The only offers received were fit the assets and various parts of the assets but just as in the first SISP there were no offers for the shares, the corp or to take BioAmber on as a going concern. So the highest offer was accepted in the best interest to all and that was LCYB for $4.34 mil. LCYB purchased all the tangible and intangible assets leaving an empty shell loaded with debt and worthless shares.
There are no secret deals LOL!!
There is no restructuring as again nobody wanted the failure of a company
Shareholders lost their investment again insolvent and liquidated for a fraction of BioAmber debt is the end not a windfall for investors LMFAO!!

[LETSWIN2020]

No bro imo you got it all wrong , dd don't add up

[I-Glow]

Why don't you check out the Bioamber filings on SEDAR - the last filing was Oct 30 2018.

It was an 8-K - "BioAmber Provides Update on Liquidation Process"

"On October 22, 2018, the Company completed the sale of certain of its assets to LCY Biotechnology Inc.
(previously 9384-3076 Québec Inc.). These assets comprised all of the Company’s assets, save and except for the cash, accounts receivable and inventory of the Company, and also excluded certain U.S. based office equipment.

The purchaser did not seek the assignment of the Company’s contracts, which meant that certain intellectual property under license from third parties was also not transferred to the purchaser.

This transaction was approved by the Quebec Superior Court of Justice on September 18, 2018, and by the United States Bankruptcy Court for the District of Delaware on October 9, 2018.

The liquidation of the Company’s assets will result in little to no residual value for non-secured creditors, and no residual value for equity investors of the Company."

Your shares are worthless and always will be - let me guess the Judges that signed off on the Liquidation are part of the conspiracy to screw over the Bioamber shareholders.

This is typical of Q stocks a few will post for years with their pinkyland fantasies but it always ends the same - shareholders are left holding wallpaper.

IG

[$ugar Glider]

Yep...there it is!