Shares will be cancelled and removed from your account. You will not get any shares of the new company. The company will be private when it comes out of bankruptcy. The new shares will be given to the creditors not the current shareholders! The new shares will not be traded. In a couple years they might decide to IPO the company again.
CURRENT SHAREHOLDERS GET NOTHING!!
This will all happen in the first quarter of 2017.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.