Replies to post #148409 on BioAmber Inc (fka BIOAQ)

[TheRealMrPirate]

was announced, de facto, a two-step stalking horse process was initiated

fka bioaQ You are aware this entire process was under court supervision, no? - in Canada.
There was no stalking horse bid, it did not happen. 💯
There was no plan of arrangement filed.
There was no recapitalization.
There was no share purchase.
There was nothing, the former company has been stripped of ALL it's assets.
There was a refinancing - failed.
There was a SISP - failed.
There was a liquidation - successful.
Total purchase price stated clearly in the monitor's reports.
Former BioAmber - legally doesn't not exist as a corporation in 2024, in 2023, in 2022, etc.
You as a shareholder, no longer exist.
It is not possible to hold equity in a public company that physically does not exist.
You had an open window to voice your objections with the court, no one took it.
Now we're at the end of 2024' - It is gone - #Reality

[Real McCoy]

Anyone following along knows there were two sales processes- the first was the SISP, the second was the liquidation.

Now it’s over. Got it?

[trader59]

Yes, it is certain there was no stalking horse bid submitted. Had there been one, it would have been documented in the bankruptcy proceedings. Further, if anyone had bought your stock, they'd have told you and gotten your approval.

Now that the subsidiaries are dissolved and the parent in the US has no corporate charter, there isn't a company even on paper anywhere anymore.

[dalesio_98]

MadScholar1,

You fail to mention BioAmber (BIOA) was a reporting public company at that time. Hence, the disclosure of material information was obligatory filing with the SEC and advising shareholders and the market (stalking horse bid, offer, etc).
Was this hidden?
Was the Chapter 11 --> 15 and CCAA orchestrated?

Hidden such as shareholders not being informed their shares were purchased without their knowledge?

The assets, etc were obtained through CCAA - liquidation (a major fire sale 🔥). Unless shareholders have LCY equity, there is no payout, creditors were not made whole.

Good luck to All!