BEWARE, all potential buyers here: RAIT Financial Trust: Senior-Notes Holders Should Be Safe In Bankruptcy; Equity (i.e. all the common shares) Likely Cancelled --- see the link below!
It is just up to when the FINRA/SEC will cancel all the common shares (i.e. RASFQ)? It could be a few days or a few weeks later! So RASFQ will soon become ZERO value! Who were buying those soon-be-canceled shares (RASFQ)? Why? RASFQ will crash to 0.0001 very soon as its Bankrupt "Q" peers...
Why the trading price range of a Bankrupt stock (RASFQ) is still at such ridiculous high (0.1 ~ 0.035) while its peers (such as RGDXQ etc.) is trading at only 0.0050 ~ 0.0001?
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