InvestorsHub Logo
Followers 26
Posts 2230
Boards Moderated 0
Alias Born 11/01/2012

Re: None

Wednesday, 09/18/2013 2:30:22 PM

Wednesday, September 18, 2013 2:30:22 PM

Post# of 512
In such cases there is usually several so called "dead cat bounces" before current common stock cancellation and there is still a series of milestones e.g. hearing, acceptance of the proposed BK plan by the judge etc. to be achieved before cancellation is actually possible with the remote possibility of buyout, merging or refinancing in the mean time. So the stock has definitely a yet to be properly determined but not null value right now.

I think $0.04 is oversold and a spike to $0.15 is very possible in the coming weeks or months, so I'm accumulating here.

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.