The Bon-Ton Stores Inc. (BONTQ)

[1manband]

That is not correct. This is basic bankruptcy 101.

BONTQ has liquidated its assets. The only reason they went Chapter 11 was in order to continue to operate the stores until they found a buyer. If they had gone Chapter 7, all business activity would have had to cease immediately, and that would have devalued the assets before they could be sold.

But in the end, the result is the same. BONTQ sold off all the stores, merchandise, and fixtures in April for $775 million. The only remaining assets were the IP, including the business name and website, which was sold last week for $900K. That is all.

BONTQ is defunct. There is ZERO chance of it coming back, since they are about $1 BILLION short of what they owe. And there are no assets left to reorganize.

When the bankruptcy is concluded, the remaining debt will be discharged and the equity (common stock of BONTQ) will be cancelled, because common shares cannot remain if any debt remains unpaid. That is the LAW. And it is guaranteed to happen here, too.

BONTQ shares are worthless and without any assets. There is zero chance that will change before the stock is cancelled by the Federal bankruptcy court.