| Followers | 218 |
| Posts | 38765 |
| Boards Moderated | 0 |
| Alias Born | 04/29/2008 |
Friday, November 21, 2014 6:03:00 AM
A stock delisted from the OTC is dead. There's no longer a market for it. So the difference exists only in semantics. Cancellation requires action by the company and since it has no employees and no board, that's not going to happen unless a chapter 7 bankruptcy is filed.
You're aware of that right?
IF someone eventually buys the shell, they will certainly recapitalize with new shares. Maybe they'll do a reverse split to keep current shareholders in the game, so each share may be worth $.00000001, but while technically not worthless, practically, it is.
You're aware of that right?
IF someone eventually buys the shell, they will certainly recapitalize with new shares. Maybe they'll do a reverse split to keep current shareholders in the game, so each share may be worth $.00000001, but while technically not worthless, practically, it is.
Competing is intense among humans, and within a group, selfish individuals always win. But in contests between groups, groups of altruists always beat groups of selfish individuals.
E. O. Wilson
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
