Tooter Turtle, many SEC Registrant stocks file Form 15's to deregister their stock and to no longer be required to file Financials to the SEC. Those stocks can still trade on the OTC Markets the same as thousands of other stocks that do not report to the SEC.
Most companies deregister their stock for nefarious purposes that are usually consequential to shareholders, eg., for pump and dump schemes to sell vast quantities of stock on usually false and / or misleading press releases.
A BK company does not need to deregister their stock to satisfy the Trustee unless the costs to file are burdensome to the Estate and when it is presumed the stock will likely be cancelled by the BK Judge.
Whether a company is dissolved in Chapter 7 or Reorganized under Chapter 11 the stock is usually, but not always in Chapter 11, cancelled. Since CRMBQ deregistered from reporting obligations to the SEC it is likely the stock will be cancelled. Read their Reorganization Plan because the company is obligated to comment on the likely outcomes for the common share equity.
Heck, even KODAK was crystal clear that the common stock would be cancelled but the addicted gamblers played that stock like a fiddle up to the moment the stock was cancelled, and the pumping of the stock was outrageous. Two scurrilous pumpers who pumped KODAK like madmen, despite incontrovertible evidence the stock would be cancelled, are now charged by the FBI for criminal frontloading and pumping stocks.
So, the moral is to read all BK documents on CRMBQ and DO NOT LISTEN to any message board posters who do not have verifiable links to support their posts.
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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