Replies to post #146329 on BioAmber Inc (fka BIOAQ)

[Brucebannerr]

Lmfao! Please supply the order dismissing the chapter 15 . For the umpteenth time you can never supply.
You do know chapter 15 is still bankruptcy ? Lol
Certificate of No Objection Regarding Debtors Motion Pursuant To Section 305 Of The Bankruptcy Code For An Order Dismissing Chapter 11 Case Upon Recognition Of Foreign Main Proceeding Under Chapter 15 Related [+] Filed by BioAmber Inc..

[trader59]

Umpteenth time: This was a Chapter 15 bankruptcy recognizing the CCAA proceedings in Canada as the foreign main proceedings. Just like the US has Chapter 7 and Chapter 11, Canada has the BIA and CCAA. While in the CCAA, the company was liquidated and shut down, assets sold to LCYB including the plant and all the IP (patents). There is no company left.
The parent company was in the US, so, yes, Chapter 15 is bankruptcy. Since the case was closed (use any word you want for it, it was completed), that parent company has had its corporate charter voided by the state of Delaware. BioAmber, Inc., the issuer of the stock, no longer exists. The Canadian Federal government has finally gotten around to dissolving the two subsidiaries.
Quibble with words all you want, the company is dead, has been for 6 years, the stock is dead, has been for nearly 5 years.

[Real McCoy]

No bankruptcy? Yikes. How wrong can you get it?

[AvL]

A lot of reactions.it seems very important for them. Why?

[I-Glow]

It seems you don't understand Bankruptcy Law.

"Motion for Case Dismissal Filed for BioAmber Inc.
May 30, 2018 at 12:00 am EDT

BioAmber Inc. filed a motion in the US Bankruptcy Court seeking the dismissal of its Chapter 11 bankruptcy case on May 30, 2018. Motion was filed on the basis that, that the time and expense of the Chapter 11 Case is unnecessary and that a more efficient and effective approach is to administer the totality of the Debtor’s insolvency proceedings in Canada and to have such proceeding recognized as the foreign main proceeding under chapter 15 of the Bankruptcy Code."

"Umpteenth time: No bankruptcy, do you understand a dismissal is not a discharge!"

You have embarrassed yourself again.


IG