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larrybaz

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larrybaz

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Re: MikeBK205 post# 165

Wednesday, 06/22/2016 8:39:55 AM

Wednesday, June 22, 2016 8:39:55 AM

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Interesting action here. Still should end up being worthless. Not wise to continue to be long here with the company expected to emerge from bankruptcy during the week of June 20th, 2016. Let me reiterate from the PR:

"All of Fairway’s outstanding shares of common stock will be cancelled pursuant to the Plan with no distribution to the holders thereof."

What part of that don't you understand?

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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