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Sunday, March 22, 2015 10:51:34 PM
I remember Delta airlines in 2006 going to 0.07 and trading as high as $2 before shares where cancelled. Delphi and many more had unreal runs in BK land also. There has been many of them.
Love the BK plays in OTC land. It's been a long time since I have seen a good one.
There will be some good oil company plays in OTC BK land in the future that will be good plays.
If they emerge from bankruptcy with commons unscathed, we got value here...BUT MANY BK stocks cancel commons or even sell the company with no distribution to commons... I however have traded some that emerged from BK in yester years; read AAMRQ, OSGIQ (these stocks made many rich traders...
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