Melinta Therapeutics Inc. (fka MLNTQ)

[1manband]

Yes, the common stock is fundamentally worthless.

It will be cancelled without any recovery to current shareholders. Anyone that is holding MLNTQ common shares at the conclusion of the bankruptcy will lose 100% of their investment.

I follow a lot of public company bankruptcies, and there are always foolish investors who either don't believe, or completely ignore, both bankruptcy law and the facts in the specific case and keep buying the worthless shares. I see it is no different here in MLNTQ. They are just flushing that 12 cents per share right down the drain.