Not true! There's always warning... the plan will state, "common shares will be cancelled", "no recovery for commons", or hopefully will say "shareholders will receive % of company upon exit", shareholder will recover".
GTAT's Plan of Reorganization has not been written yet!!! And if the plan states that commons will cancel, we will know the exact date the plan will take effect. But you are getting way ahead of yourself. First the plan has to be planned (in November), written, voted on, objected to, and finally approved by the Judge.
We don't know yet, YOU don't know yet, and no one will know except the Judge on the very last scheduled hearing when he approves the plan. If the plan with commons getting canceled is approved, just sell before they up list to NASDAQ; otherwise yes shares zero out. But that is worst case scenario and a long time away, meanwhile this whole time you have missed out on multiple runs to $2.00+.
If you are too scared, why don't you watch and learn. Then you can participate in the next Q stock.... ;}~
