Far East Energy Corp. (fka FEECQ)

[C.G.B Spender]

Sure do....

Regardless, in the event of Chapter 7 or Chapter 11, Lynn M. LoPucki, a professor at the UCLA School of Law and the founder of the UCLA-LoPucki Bankruptcy Database, warns shareholders to keep their expectations low.

"If a shareholder sees a company they own shares in has filed Chapter 7, it is near certain they'll receive nothing," he said. "If they see a company has filed Chapter 11, it's highly probable they will receive nothing."


Investors may also operate under the false assumption that once a company has emerged from bankruptcy, their old stocks will regain value. In fact, the opposite is true: most reorganization plans, once put into effect, cancel existing shares. Only "new" shares -- those issued by the reorganized company under a new trading symbol -- have value.

http://bankruptcy.findlaw.com/chapter-13/corporate-bankruptcy-what-every-investor-should-know.html