Patriot National Inc. (fka PNTPQ)

[born2loose]

im at a 94% loss on this,is it worth averaging down at this point or should i forget it?

[TenKay]

PNTPQ shares cancelled - Bankruptcy

http://otce.finra.org/DailyList

[Lowhndcpr]

Matter of days here.... And the Q will be lifted! Soaring high!

[Bernija1]

GlobeNewswire
Patriot National, Inc. ("Patriot National" or the "Company"), a leading provider of technology and outsourcing solutions to the insurance industry, announced today that on May 4, 2018 the Bankruptcy Court approved the Company's plan of reorganization, which will result in the transition of ownership from its public shareholders to certain funds and accounts managed by each of Cerberus Business Finance, LLC and its affiliates ("Cerberus") and TCW Asset Management Company LLC ("TCW"). Patriot National expects to emerge from Chapter 11 in the second quarter of 2018.
"The approval of our reorganization plan is a key milestone in completing the Chapter 11 process, and I would like to thank our dedicated employees and loyal base of carriers and agents who helped to ensure the success of our business during this period," said John Rearer, CEO of Patriot National. "The plan provides our Company with a significantly healthier capital structure that will enable us to be agile and competitive in the current market. Cerberus and TCW are fully invested in the future of our business, and we look forward to working together to emerge from this process as a stronger company."

[Renee]

PNTP: effective Feb. 1,2018 PNTP will change to PNTPQ, bankruptcy:

http://otce.finra.org/DLSymbolNameChanges

[aristotelisonassis]

this is going back up soon. Just hold. Not selling under $0.36.

[Siormilan]

Ops.sold too early...

[aristotelisonassis]

she is alive!

[aristotelisonassis]

Volume! Whats up here?

[Rip_Van_Winkle]

NVM this one is filing chapter 11

https://www.google.com/amp/s/www.bizjournals.com/southflorida/news/2017/12/06/mariano-blames-lawyers-for-patriot-nationals.amp.html

[Rip_Van_Winkle]

So what’s happening here. Only 6 days of charts? Does the delisting from the NYSE cause the chart to reset?

[arbytrader]

definitely keeping on watchlist and monitoring it's development

[PStockPickz]

On November 28, 2017, the New York Stock Exchange (the “NYSE”) notified Patriot National, Inc. (the “Company”) that it was commencing proceedings to delist the Company’s common stock because the Company is no longer suitable for listing pursuant to Section 802.01D of the NYSE continued listing standards. The Company’s common stock was suspended from trading on November 28, 2017. The NYSE reached this decision in view of the Company’s November 28, 2017 announcement that it entered into a restructuring support agreement which contemplates that the Company will file a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. In reaching its delisting determination, the staff of the NYSE noted the uncertainty as to the timing and outcome of the bankruptcy process, as well as the uncertainty as to the ultimate effect of this process on the value of the Company’s common stock.