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I've wondered, if you short a stock that goes bankrupt to where the shares aren't trading any longer, how do you close out your position?
Somebody needs to tell @Jimmy Joe & @dwagom04 so they can bet the farm again on RADCQ.
The can use all that money they made in BBBYQ
The question is will shareholders still owe shares?
no.
meh.....maybe not. Didn't happen for GM and many others.
With bankruptcy that law suit will get zero.
Shareholder being owners and not creditors. Last in line for money. This tells me there there will be nothing left and they start over. It says no money. The question is will shareholders still owe shares? Even if r/s happens. Which is likely.
Go read the board. I posted it a while back
https://www.otcmarkets.com/stock/radcq/overview Price now ?? I don't know the OTC market
Yes.. consideration shareholders .. but only that
yes. is there a point there?
all Existing Equity Interests in Rite Aid will be cancelled and extinguished, and Holders of Existing Equity Interests in Rite Aid shall receive no recovery on account of such Interests - Amendment to Form 8k
Amendment to Form 8k
the plan was in the filing. everyone should read it and believe it.
Elixir purchase price: 2 billion Now only 575 ?? And we can wait a buyer 16 November ??
What class action lawsuit?
If there was a buyer for November 16, was there such a rush as to not allow this operation favorable to shareholders? The debt matures in 2025.
Restructuring, Elixir sale, debt deferral and elimination of shareholders. Is it a change of shareholders then? Are shareholders excluded from the restructuring?
RAD changed to RADCQ, bankruptcy. Delisted from the NYSE to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
RAD with the Q.
Wow who woulda thunk it. I remember trading this at a buck about ten years ago.
Had a reverse split somewhere in those years.
RAD ..Now in a ''halt''........Chapter 11 Bankruptcy proceedings next move
if the noteholders stall it---the stock will be delisted because over a month below 1.00
see y'all when it gets a new symbol
is RAD expected to re-open? and when?
I guess I'll see how much I get in the class action suit. Gotta be worth more than the shares.
Le Dahm Tripplets!
That's not RAD! RIP! Woke = Broke!
RAD.............................https://stockcharts.com/h-sc/ui?s=RAD&p=W&b=5&g=0&id=p86431144783
The problem now is going to be delisted off exchange. I do not see anyway they cure the default.
wars always make money for those with connections and holdings
GO Israel --to the MOON
This was the post responded to
That's chapter 7 not chapter 11.
Just because you declare bankruptcy does not mean you shut anything down. You just quit paying your shareholders.....and others.
How come Citadel Securities can mismark millions of trades over a 5 year period and even though that also takes lives like the opioid crisis and ruins portfolios, they only receive 7 million in fines, but when Rite Aid's doctors over prescribe for hundreds of thousands of prescriptions suddenly it could be billions in settlement dollars?
When pharmacists write down internal notes about doctors being suspicious who is Rite Aid to say what is and isn't allowed for the doctor? That isn't their call.
When I get forced to the psych ward because I'm suicidal and they want to push medications for schizophrenia even though I'm not schizophrenic, and the doctor can't prove there is specific circuitry for it in my brain that they are going to target, and when the off target toxicity is my erection and fine motor movement, no one ever challenged that doctor.
Certainly they never went one step deeper than that and blame Rite Aid for having the meds ready. Do you see? Rite Aid should survive. DOJ just going to destroy thousands of jobs bc doctors overprescribed. How many billions will they leach, if mallinkrodt and purdue isn't enough.
Leave it to Yankees to oversue, just like they overbuy and oversell.
How much money are they going to get for their 500 properties shutting down?
What starts with an L and ends with AWSUIT
what starts with a B and ends in an ANKRUPTCY
Can't really blame ya.
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