InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,071.63
(
0.02%
)
US TECH 100
16,866.40
(
-0.80%
)
Dow Jones
38,460.92
(
-0.11%
)
Brent Oil
87.22
(
-0.39%
)
Bitcoin
64,129.76
(
-3.43%
)
Post# of 397
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

trader59

Send PM Follow Ignore
Followers 191
Posts 16376
Boards Moderated 8
Alias Born 01/29/2018

trader59

Member Level

Re: oich post# 394

Friday, 05/29/2020 7:48:40 PM

Friday, May 29, 2020 7:48:40 PM

Post# of 397
The new symbol wasn't on the daily list. In order for the common shareholders to be "even" with the final closing price, the new stock will have to open at $40 per share. Whether it does or not remains to be seen. Creditors received the vast majority of the new common stock, I'd bet they'll be looking to sell at least some of it.

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

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