SandRidge Energy, Inc. (fka SDOCQ)

[1manband]

The cancellation of the old common stock should have been known by everyone. There is no excuse for anyone to have been surprised by this, as SDOC disclosed in their 8-K filing with the SEC on the day they filed bankruptcy (May 16th), that all common shares would be cancelled.

"Preferred and Common Stock. The Company’s existing 7.0% and 8.5% convertible perpetual preferred stock and common stock will be canceled and released under the Plan without receiving any recovery on account thereof."

https://www.sec.gov/Archives/edgar/data/1349436/000119312516591230/d168990d8k.htm

The pending cancellation of the common shares was disclosed many times afterwards as well. Nothing changed between the initial disclosure on May 16th and yesterday. It was fully disclosed many, many times.

If people don't read the SEC filings, then they are just asking to lose their money. Which is exactly what happened. It is an expensive lesson, but hopefully the next time people will read the SEC filings first.