InvestorsHub Logo
Followers 5
Posts 476
Boards Moderated 0
Alias Born 07/13/2012

Re: None

Tuesday, 03/07/2017 2:51:47 PM

Tuesday, March 07, 2017 2:51:47 PM

Post# of 1296
RA will exit bankruptcy like Sandridge Energy (SD) did.

I'm making the comparison between the 2 companies so you can understand that this is very real and it happens.

I used to have a position in SD before bankruptcy.

Company started to go down in price to a point where from NYSE went to OTC.

They then filed for bankruptcy and as part of their plan they wiped all the shares leaving investors with $0.

Sandridge then created a brand new company with the same and even the same ticker and previous shareholders like me were left with nothing.

Judges are prone to approve these bankruptcy plans and RA is next.

"The two most powerful warriors are patience and time".

Join the InvestorsHub Community

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.