Quicksilver Inc. (fka ZQKSQ)

[LouisDesyjr]

ZQKSQ is a symbol change for ZQK

ZQKAQ is a symbol change for the 'old' existing common shares. The symbol change happened because when a stock files for bankruptcy, they put a 'Q' as the fifth character to the stock symbol.

ZQKAQ are NOT the new common shares in the reorganization. Those shares are going to be issued to debt holders and will not be traded on the open market when they first are available.

Louis J. Desy Jr.

http://finance.zacks.com/q-removed-stock-symbol-7812.html

"The letter “Q” added to the end of a stock symbol is not a good sign for investors; “Q” means the company is in the midst of bankruptcy proceedings. The SEC warns investors to steer clear of “Q” stock, unless you’ve carefully reviewed the proposed bankruptcy reorganization plan and it looks like the company will come out of the financial trouble on top. In many cases, however, the company’s old stock -- labeled with the ominous “Q” indicator -- is dissolved after the proceedings."

Old Stock vs. New Stock

Oftentimes during bankruptcy’s reorganization, the company retains its old common stock -- the “Q” stock -- on the secondary market and issues new stock shares under the reorganized business. Each stock will have different ticker symbols, and the new stock issue will not have a “Q.” Investors holding the old common stock still run the risk of losing their money despite a successful reorganization, because new investors will most likely purchase the stock offered by the reorganized company rather than the stock issued prior to the corporation’s bankruptcy.
“Q” Always Stays

The “Q” is never actually removed from the stock in question’s ticker symbol because it differentiates the pre-bankruptcy stock from the post-bankruptcy stock. This letter remains an important part of the stock’s ticker symbol; otherwise, potential investors would not be aware that they are purchasing stock involved in a bankruptcy that might become worthless on the markets once new stock is issued under the reorganized corporation.