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McDermott International Inc. (MCDIF)

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Last Post: 8/1/2020 12:01:00 PM - Followers: 48 - Board type: Free - Posts Today: 0



Company is bankrupt, and its common stock will be cancelled as part of the "pre-packaged" restructuring plan.
See this 8K issued by the company:
https://ih.advfn.com/stock-market/NYSE/mcdermott-MDR/stock-news/81567197/current-report-filing-8-k

This excerpt from the 8K is all anybody needs to know (equity interest is the common stock):
each existing equity interest in the Company shall be cancelled, released and extinguished without any distribution.
MCDIF
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#1832   WOULD anyone buy a share at these prices ernie44 08/01/20 12:00:59 PM
#1831   Didn't see the whites of their eyes --they ernie44 07/16/20 12:26:22 PM
#1830   The question of whether existing shareholders will receive Slojab 07/10/20 11:44:01 PM
#1829   McDermott International Inc, ticker MCDIF, added to the OTC. Renee 07/10/20 05:32:23 PM
#1828   Yeah. And the British aren't really coming. (-: Slojab 07/01/20 09:58:15 AM
#1827   Too bad we didn’t see that coming...... trader59 07/01/20 07:36:53 AM
#1826   It wouldn't surprise me one bit. Slojab 06/30/20 07:20:47 PM
#1825   Ya, but Twitter will still be hoppin' on Renee 06/30/20 07:09:54 PM
#1824   I'm guessing it'll be a rather slow day Slojab 06/30/20 07:06:54 PM
#1823   MDRIQ: BK PLAN effective. All shares cancelled. ***over Renee 06/30/20 07:04:36 PM
#1822   its still tradin at more than I dumped ernie44 06/12/20 11:52:47 AM
#1821   even if there is a dead-cat bounce and ernie44 06/09/20 12:19:56 PM
#1820   Bullish chart, great momentum. Big Gains Only 06/09/20 09:09:10 AM
#1819   Bullish? The common stock will be cancelled. trader59 06/09/20 07:32:32 AM
#1818   Are we bullish here friend? Penny chatter 06/08/20 10:57:54 PM
#1817   CHK is the other Yooo 06/08/20 10:40:49 PM
#1816   Don’t know the first, but Hertz just went trader59 06/08/20 10:08:27 PM
#1815   That’s what they said about CH* that’s now Yooo 06/08/20 10:06:19 PM
#1814   The run is a result of a Twitter trader59 06/08/20 04:34:03 PM
#1813   Why is 'THE RUN' even happening? StihlsawsRule 06/08/20 03:24:02 PM
#1812   When (not if) this stock gets cancelled, there’s trader59 06/08/20 02:51:40 PM
#1811   Waste of time---np pre-market ernie44 06/08/20 06:44:00 AM
#1810   I don't think so too. But let's see PAC 06/06/20 01:36:03 PM
#1809   just to trade it.. in and out the investisseur101 06/05/20 10:01:54 PM
#1808   That makes no sense at all. Slojab 06/05/20 12:23:44 AM
#1806   take the trading high and low in a ernie44 06/03/20 04:24:52 PM
#1805   How is "fair price" determined on a stock Slojab 06/03/20 03:48:25 PM
#1804   Stock will be cancelled, investors will lose 100%. trader59 06/03/20 11:47:48 AM
#1803   Not happy with some Analysts that are too anal ernie44 06/03/20 10:14:57 AM
#1802   Yeah, kinda like that, only most who play trader59 06/02/20 07:55:05 PM
#1801   more like RUSSIAN ROULETTE ernie44 06/02/20 07:52:25 PM
#1800   Thanks dude - you said it a million SC777 06/02/20 05:50:10 PM
#1799   Stock will be cancelled, investors will lose 100%. trader59 06/02/20 05:44:32 PM
#1798   If there is a nice run up going trendzone 06/02/20 02:43:34 PM
#1797   But yea I would like to see it SC777 06/02/20 02:40:41 PM
#1796   More fuel for the short term party, as trendzone 06/02/20 02:39:17 PM
#1795   I think it's being shorted because there are SC777 06/02/20 02:36:25 PM
#1794   some of us took what we figured was ernie44 06/02/20 02:34:11 PM
#1793   End of day big run up a good trendzone 06/02/20 01:44:33 PM
#1792   I was thinking .20s here as well. SC777 06/02/20 01:12:19 PM
#1791   Gotcha. Yeah RSI cooled, bouncing back. SC777 06/02/20 01:12:02 PM
#1790   If .11 holds could see continuation to .22s PAC 06/02/20 12:59:23 PM
#1789   It was extended. Look at rsi on PAC 06/02/20 12:53:36 PM
#1788   WTF just happened. Was crushing and they SC777 06/02/20 12:48:53 PM
#1787   Mdriq .168 +51% another huge day. Looking for .22+ PAC 06/02/20 11:13:19 AM
#1785   No, that is absolutely false. The bankruptcy trader59 06/02/20 09:52:39 AM
#1784   Yup, and whomever bought at 0.03 till now AOuvier 06/02/20 09:40:56 AM
#1783   It all depends on litigation going forward. StihlsawsRule 06/02/20 09:39:07 AM
#1781   I’m not overlooking anything. The approved bankruptcy trader59 06/02/20 08:27:34 AM
#1780   What you are overlooking, is the fact that StihlsawsRule 06/02/20 08:21:06 AM
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