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1manband

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1manband

Re: sidedraft post# 2462

Tuesday, 07/03/2018 10:16:10 PM

Tuesday, July 03, 2018 10:16:10 PM

Post# of 2607
The old commons never traded today. They stopped trading on the NYSE immediately upon the filing of the Form 15-12B yesterday which automatically disqualified them from an Exchange listing.

https://www.sec.gov/Archives/edgar/data/1351413/000119312518211568/d536677d1512b.htm

They would have stopped trading on the 2nd of July (yesterday), so 100% of the trading today was the New Seadrill. Or, at least, was supposed to be. I am sure some holders of the Old Seadrill mistakenly traded those shares today because their discount brokers were slow to restrict trading of the old shares. Those brokers, and their clients, are in a lot of trouble because of it.
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