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Re: youngster-moon post# 56898

Wednesday, 01/23/2019 11:41:52 PM

Wednesday, January 23, 2019 11:41:52 PM

Post# of 143865

$SHLDQ survived bankruptcy shares weren’t canceled
$EGLTQ survived bankruptcy shares weren’t canceled. There actually up 100% today



Sears common shares are almost certain to be cancelled. Remember that the share cancellation occurs LAST. Not first. SHLDQ is still in the middle of the process, but just like BIOAQ, the money they received for the assets will not cover the debt. Common shareholders are not getting much, if anything.

And EGLTQ did NOT survive. Its common shares ARE being cancelled.

"the cancellation on the Effective Date of all of Egalet Corp.’s common stock and all other equity interests in Egalet Corp."

https://www.sec.gov/Archives/edgar/data/1586105/000110465919002111/a19-2907_28k.htm

Which is exactly what is going to happen to BIOAQ, too. And the being "up 100%" demonstrates how many individual investors don't understand bankruptcy and don't read SEC filings.

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