Escalera Resources Co. (fka ESCRQ)

[Value_Investor]

I don't understand why so many buyers put the real cash down to buy a soon-worthless stock (ESCRQ will be canceled very soon per the company's bankruptcy plan according to the bankruptcy court news released yesterday) at the ridiculous high MV ($286K ~ $544K) yesterday? Which means once the company cancels all the ESCRQ shares all those invested money ($286K ~ $544K) will immediately become zero value ($0.0)! If ESCRQ drops to 0.0005 like its similar-SS CH11 peer did then I might consider to buy some shares to flip before the ESCRQ shares cancellation... It is extremely stupid to own a soon-worthless stock at such ridiculous high MV now! Anyway the Q peer is trading at only $15K MV now v.s. ESCRQ at $286K ~ $544K MV (which is 19.1 ~ 36.3 Times higher MV) yesterday!

ESCRQ has Huge Negative Equity Value and Huge Negative Book Value based on the latest financial report (see the link below)!

http://www.otcmarkets.com/stock/ESCRQ/filings