SandRidge Energy, Inc. (fka SDOCQ)

[go2sleepjj]

Unfortunately ALL commons will be wiped out. I bought in today and decided to take a small loss after reading up on the companies restructuring plan. After the SandRidge emerges, those holding shares are going to get 0'd out. I feel so bad, there were ALOT of buys today from unsuspecting investors. A bunch of corporate criminals the companies are IMO. Here's what it says on the restructuring page, it spells out what's going to happen quite clearly.

• The Agreement and Plan contemplate that if all classes of claims entitled to vote accept the Plan, the existing preferred and common shares shall be extinguished and have no value upon the Company’s emergence from the Chapter 11 process