Monday, November 14, 2016 8:46:48 PM
The SEC prints a doc regarding chap11 companies that states amount other things that 1 in 10 companies that enter chap11 come out with shares intact.
The company must file with the court for permission to dissolve shares then file with the SEC to make it happen.
I haven't seen any of those filings yet and as of last Wednesday, Noranda was granted an order releasing them from the chap11.
If I'm not off base here, the shares survived the chap11 and should start generating interest as soon as Noranda issues a statement.
On the other hand. I could be way off and Noranda may have filed for dilution already and issue new stock next week.
It's always a crap shoot.
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