Bad advice Larson.
The stock market, like the casino's is gambling with slightly better odds. There are no guarantees.
If you choose to hold your shares and buy additional, that's fine for you but advising others to hold, much less buy is flat out bad advice.
While not a complete ZERO, this stock is sooooo far away from possible salvation that the better odds are to sell now for what ever you can get.
The company is dead in the water.
They have no assets,
They have no income making business,
They have no facilities to even start a money making effort in,
They haven't made any effort to keep their website up to date much less, their investor information, and most importantly,
They haven't even made any formal statement regarding the chapter 11 summation or for that matter, what their plans are now.
To benefit from any type of Trump affiliated money is wishful thinking at best and they would have to literally start over completely which includes retooling and new machining to make any of that happen.
To do that, they would need to raise new capitol themselves and the most obvious answer to that is to issue new stock and there are only two ways to do that;
1) Issue new, existing shares under the existing ticker thereby diluting the existing values or
2) Dissolve the existing shares and reissue new shares under a new ticker symbol.
Using method #1 to accomplish this makes no business sense under their current conditions. Why make any attempt to preserve the existing shares of a defunct business?
The Trump thing is a waste of time. His politics don't benefit bisness loans, they benefit business tax cuts. If you wanted business loans, you voted for the wrong person.
Assuming that Noranda has any desire to conduct business again, it would be in their best interest to dissolve the company completely and start a new company.
Added to the fact that they are currently camped in a strip mall, which logically would be a good location to wind down the business legal works economically, I'm sorry but there's just no logical argument for anything else to occur.
Best luck though in what ever course you choose.
As always, these are my OPINIONS and I'm not always right.
