J.G. Wentworth Company (fka JGWEQ)

[scotsand]

Just lower lows..

[jindal]

Yes. Just a thin looking glass. 3 more days in the trading week. Anything is possible. Even gegp....Lol

[getmoreshares]

lots of positions are ON SALE! Bad part- it makes our accounts look bad!

[jindal]

Thank you brother. I did survive. Lol. All the Best to you and the best of Trading for 2018. Faith and Expectation !!

[getmoreshares]

just checking in-- hope you survived CHRISTMAS!

[jindal]

Lol..What's up my friend ????

[getmoreshares]

!!!!!!!!!!!!!????????????!!!!!!!!!!!

[Bankroll423]

I believe so as well. Idk what will happen but I’m waiting on adding more

[jindal]

At the moment I'm leaning towards shares being just fine headed into 2018. But for sure; nothing will change between now and the end of year. I know that for sure.

[Bankroll423]

It just depends on whether our shares will become worthless or not that’s the big hold up

[jindal]

Retail investors are fearful, but if this jumps back to .015 they will come.

[Bankroll423]

It seems no one wants to buy this

[jindal]

Wonder what could happen with just 1 million share volume.

[jindal]

I'm not concerned about what happens here.
Plan to reevaluate this after Christmas.

[getmoreshares]

any update expected?

[getmoreshares]

hope you do well! GL

[jindal]

Thanks for the share

[getmoreshares]

check Fri trade data! https://ih.advfn.com/stock-market/USOTC/the-j-g-wentworth-company-JGWEQ/trades

[jindal]

We have all of next week worry-free. This will bounce. Have a great weekend

[Anty_Jr]

JGWE changed to JGWEQ, bankruptcy:
http://otce.finra.org/DLBankruptcy

Post #1705

[scotsand]

Your advice is horrible.

[Chill2]

Does a shareholder lose all of their equity once a Chapter 11 bankruptcy is filed by the company?
By Chizoba Morah
SHARE




A:
When a company files for Chapter 11 bankruptcy, the management of the company is still in charge of the daily operations. That said, significant business decisions, especially those pertaining to debt or debt securities, are sent to the bankruptcy court for approval. While the firm is in Chapter 11, its stock will still have value, but there is a temporary trading freeze. Although the stock will be delisted, over the counter (OTC) trading may still occur. In other words, the equity a broker has invested in the firm is not valued at zero, but their true value cannot be easily determined since the shares are no longer publicly traded.

If the company proceeds to file for Chapter 7 bankruptcy, the company's creditors are paid in a specific order. Generally, investors or creditors are paid in the following order:


1) Secured creditors
2) Unsecured creditors
3) Shareholders


Usually, little to nothing is leftover for shareholders after the more senior creditors are paid. However, if the company restructures and emerges from Chapter 11 as an improved organization, its share price may rise to higher levels than previously witnessed.

When a corporation is on the verge of bankruptcy, its stock value will reflect the risk that a Chapter 11 may become a Chapter 7. For example, a company traded at $50 may trade at $2 per share due to bankruptcy speculation. If Chapter 11 is actually filed, the stock price may fall to 10 cents. This value is composed of the potential income that shareholders may receive after liquidation and a premium based on the possibility that the firm may restructure and begin to operate successfully in the future. Private investors can buy and sell these 10-cent shares in the OTC market. The actual value does not reach zero unless the probability of restructuring is so low that a Chapter 7 filing is sure to follow.

For more, check out What are the differences between Chapter 7 and Chapter 11 bankruptcy?


This question was answered by Chizoba Morah.



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[Amber786]

what is chapter 11?? banktrupcy???

[getmoreshares]

it is tax season- peeps are taking gains and losses-selling shares!
ONLY comment on JGWE- Ch11 is coming.

[Amber786]

problem is every trade i have done in nov and held till december is.dowwn.big
specially pdxp mjlb grcv and grck along with jgwq... i have no money to.do anything

[jindal]

Exactly. You have nothing to lose and everything and more to gain. If nothing else; you learned something. Grow from it and get ready for better things to come. glta

[Amber786]

i am getting burned not following the advice

[Amber786]

i am down $530 out of $650. what can i get with $120. i will wait and see if i can recover somemore.

[jindal]

Don't let them rush you into making a decision at this moment. You have more time to make that decision.

[@WolfofWeedST]

They aren’t going to get out of chapter 11...exit

[Wildcatinvestor]

Did you not listen to the conference call a few weeks ago? They said the common shareholders are going to be wiped out didn’t they? I thought I heard that and I got out after a small loss but was wondering why many had held for so long.

[getmoreshares]

good advice!

[jindal]

Agree !!

[Big Poppa Pump]

I'm holding but not adding anymore yet. Imo I think this might drop more due to bagholders wanting to put this loss on their taxes. Worth the hold imo going into 2018.

[@WolfofWeedST]

As a rule playing otc once u go down 10-15% pull off the bandaid... if u don’t have an exit strategy u will not last long.

[jindal]

BID JUMP TO .0077

[jindal]

It's starting to look interesting.

[jindal]

My advice. Wait it out for at least another week.

[Amber786]

i got in at 0.04+ so i am.super done and lost all i had

[jindal]

I got in @ .019 and .017 so we are both in the same boat. I'm not making any moves at the moment. But I intend to reevaluate my plans before Christmas. Holding !!!

[Amber786]

what do you think of holding jgwe? i m down 80% n still holding incase this devide to move up. please share your insight

[jindal]

Understood. Thanks for clarification. You know some of the employee's at that location ?

[getmoreshares]

184k vol

[getmoreshares]

10k at .009

[getmoreshares]

124k bid at 6

[jindal]

And that person could have dumped @ .006 Lol

[MagicN8Ball]

nothing more than what they have said to the public

[getmoreshares]

what has the company said to you about the common shares?

[MagicN8Ball]

EDIT: uhhh some of that is true. I work for JG and that party was for our home lending department. people had the opportunity to win prizes but not everyone got something.

[getmoreshares]

trading today JGWEQ .005