InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,435.35
(
-0.52%
)
US TECH 100
18,319.60
(
-1.27%
)
Dow Jones
40,692.29
(
0.38%
)
Brent Oil
78.25
(
-1.14%
)
Bitcoin
65,797.26
(
-1.54%
)
Post# of 30990
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

1manband

Send PM Follow Ignore
Followers 171
Posts 20587
Boards Moderated 5
Alias Born 09/06/2010

1manband

Re: knuts4oe post# 30109

Wednesday, 02/12/2020 9:35:50 PM

Wednesday, February 12, 2020 9:35:50 PM

Post# of 30990
Chapter 7 bankruptcy does not permit any kind of reorganization.

The scenario you suggest is absolutely, 100% impossible. And it will not happen.

Before "investing" in these worthless shares, people really should have a basic understanding of bankruptcy and the difference between Chapter 7 and Chapter 11.

The stock is worthless, and will be cancelled. Assuming the SEC does not suspend the stock first for its 3 1/2 year delinquent filings, which could happen at any time, without any warning.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

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.

Sign Up