Adelphia Recovery Trust (fka ADPAS)

[Hug Life]

Welp, there goes my hope of the company allowing us to stay for the ride out of bankruptcy. Research suggests this is the typical result. So, I am not too surprised.

I am not certain that there is an additional huge payout coming down the line. And, while I have been rather confused because the record date being before the EX date, I am leaning towards the idea that buyers since the 23rd will not be getting anything. Well, besides a nice tax write-off once the shares are cancelled.

Full Disclosure, I sold my 75000 shares at a loss today. We shall see what happens.