LINN Energy (fka LINEQ)

[Renee]

A very hard lesson to learn. I am quite surprised the PPS was as high as it was. With over 6 million in volume either insiders were selling out to the optimists or traders just figured they could continue to play the stock with share cancellation in the distant future.

The distant future arrived today.

I remember KODAK was perplexed to the trading activity on KODAK stock so they even put out a news release stating the shares would unequivocally be cancelled. The stock still traded high volumes at around .40 cents until the Judge's gavel slammed down and the Judge ruled the stock was cancelled. The optimists or those in denial lost everything in an instant mid-day.

Seriously, 1Man.....what will it ever take to convince I-Hub readers that a PLAN of share cancellation means the shares will be cancelled and shareholders will lose their entire investment?

I don't get why the message does not sink in.