Replies to post #138843 on BioAmber Inc fka BIOAQ

[TheRealMrPirate]

Quote: "Shareholders cannot take a tax loss without "forfeiting" their shares. "
I'm not sure what you missed in my post, I file taxes in Canada.
I do not know the tax rules for the USA nor have I ever claimed to.
In Canada, a capital gain / capital loss is on paper: against your income or added to your income for tax purposes..
Nothing is forfeited here in Canada. This has been discussed already on this board, look it up.
I've never forfeited shares to use a loss on any tax year, for any stock, I've ever held in history.
I have stuff still in my account over 14 years old. I've already claimed the loss.
Two or 3 might come back one day, the rest including former BioAmber are completely dead..
If I had claimed a loss in a previous year and the stock I claimed gained the next year, I would pay a capital gain if I sold them. Very simple.
I didn't have to sell my holdings to claim a capital loss in Canada.
The court decided that with the ticker deletion that it will never trade under that symbol again.
At least you got one thing right, shareholders should always check with their broker, attorney, or tax advisor before making such a decision.

[Pnypnchr]

BIOAMBER INC is NOT revoked by the SEC!

And yes GOVERN YOURSELF ACCORDINGLY

[Real McCoy]

He is correct. The loss is between you and the IRS. The shares are between you are your broker.

Not that it matters as no one cares. Just wanted to be sure you were still considered a con man.

[toncatmad]

What a word salad of nothingness you got there! Come on you can do better than that.
The shares are 100% worthless whether you take the tax loss or let them sit in your account forever. I say keep them forever!!

THE SHARES ARE WORTHLESS DUE TO THE LIQUIDATIONS OUTCOME

When an insolvent company is liquidated for less than its total liabilities with no chance of ever paying them off that it end of story. All of the assets sold for a total of $4.34 mil against $80 plus million in liabilities. As of right now there is still upwards of $80 mil in liabilities attached to the dead voided shell that was Formerly Known As BioAmber Inc.
There is no opinion on whether or not the shares are worthless. There are the cold hard facts that prove the shares are worthless. Then you have the delusional ramblings of posters like you ( The Conmen ) who throw up complete utter nonsense and act like it’s DD. Just like the post I’m replying to that is total BS.
Take the tax loss, don’t take the tax loss it makes no difference as the shares state of worthlessness was stamped in stone long ago when the outcome of the liquidation was FKA BioAmber leaving ALL OF ITS CREDITORS IMPAIRED with no chance of recovery as all of the assets are gone, the IP is gone, the patents are gone, the plant is gone, the BOD and employees are gone, there is no business operations, the contracts are gone, there are no licensing deals and all that’s left is a dead voided lifeless shell.
There is ZERO chance for the FKA BioAmber shares to ever have any type of monetary value or for the debts of FKA BioAmber ever to be repaid.

[trader59]

It is too late to claim the tax loss and retain the shares. That could have been done for tax year 2019, the year the ticker was deleted and the shares became worthless. An amendment could have been filed up to 3 years after the date a person's 2019 taxes were filed to claim the loss. I spoke of that before it was too late (third link has the applicable tax code link):

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169041492
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170475246
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170483808
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170489396

Now that the window has passed, it cannot be done that way. It is a moot point, of course, since I really doubt anybody that would buy the stock of a company that was clearly liquidated and shut down in bankruptcy would have any gains to offset anyway.