Frontier Communications Corp. (fka FTRCQ)

[Value_Investor]

Yes, on the effective date of bankruptcy since the company will issue 100% brand New common stock to notes holders only based on the current RSA plan then all the Old common stock (i.e. FTRCQ) will be canceled in the Same day based on the following article:

https://seekingalpha.com/article/4338044-frontier-communications-shareholders-are-getting-wiped-out-under-bankruptcy-plan

Anyway we just don't know when will that happen? And before that key date we could still make a lots of quick gains by flipping FTRCQ...

It seems 0.06 might hold the current Bottom for quite a while! Should it break down 0.06 we might see a New Bottom 0.02 based on its "Q" peer's price declining patterns. For example, DESTQ was traded above $0.33 before the CH11, but it crashed to 0.0051 after a few months! Before the CH11 FTRCQ was traded above 0.18 and it crashed to 0.06 so far...