News 
Market Data 
Discover
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.
Once the company files the Plan Of Reorganization with the court you can easily find out when will FTRCQ be Canceled since the company already said that the common stock here is worthless right after the CH11! When that happens your FTRCQ shares will be worthy "ZERO" no matter how many shares you own! The shorters must be insiders-related people who knew FTR would file the bankruptcy very soon thus they shorted it at any price in order to cover the shares at Zero cost --- i.e. 100% Huge gain!
Anyway the problem here is: the most recent Market Value (MV) is ridiculous high! So once the SEC/FINRA declares the cancellation of the FTRCQ investors who paid $15.75M (at $0.15) ~ $6.3M (at $0.06) Super Overvalued Hyper High MV will incur totally $15.75M ~ $6.3M Giant losses! As a comparison its CH11 peer (DESTQ) investors would only lose total $0.27M (at $0.019) ~ $0.07M (at $0.0051) minor losses should the same thing incur! However the management of DESTQ never said to cancel it as of today!
This worthless "Q" stock is still trading at ridiculous high MV now! Even at today's low 0.081 FTRCQ still has eye-popping $8.51M MV v.s. its much much better CH11 peer (DESTQ) is trading at ridiculous low $0.2M MV currently! Not to mention FTRCQ has ridiculous high $15.75M MV at its most recent high $0.15!
Even the price crashes to 0.01 it still has very high $1.05M MV v.s. DESTQ only has mere $0.07M MV at its Bottom 0.0051!
Yes, on the effective date of bankruptcy since the company will issue 100% brand New common stock to notes holders only based on the current RSA plan then all the Old common stock (i.e. FTRCQ) will be canceled in the Same day based on the following article:
https://seekingalpha.com/article/4338044-frontier-communications-shareholders-are-getting-wiped-out-under-bankruptcy-plan
Anyway we just don't know when will that happen? And before that key date we could still make a lots of quick gains by flipping FTRCQ...
It seems 0.06 might hold the current Bottom for quite a while! Should it break down 0.06 we might see a New Bottom 0.02 based on its "Q" peer's price declining patterns. For example, DESTQ was traded above $0.33 before the CH11, but it crashed to 0.0051 after a few months! Before the CH11 FTRCQ was traded above 0.18 and it crashed to 0.06 so far...
AI
