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Re: LKat7 post# 1596

Sunday, 09/26/2021 11:17:08 AM

Sunday, September 26, 2021 11:17:08 AM

Post# of 1674
Unfortunately, before 10/13 comes, DESTQ will likely not be publicly quoted and thus will be difficult (if not impossible) to trade.

OTC Markets has not announced what will happen to stocks/tickers that are in bankruptcy proceedings. Besides DESTQ, I'm also looking at SHLDQ, another ticker that has been in bankruptcy for about 3 years now. Whatever happens to Sear's stock will likely happen to DESTQ. I expect all tickers in bankruptcy will either be moved to the grey market or to the so-called expert market. Either way, it will be very difficult to trade any of these stocks.

The only hope left at that point for revival of DESTQ will lie with the POR that will have to be submitted to the Court eventually and approved. If the POR says that DESTQ shares will be cancelled, that is basically the end of the road for these shares.

On the other hand, if the POR proposes a reorganization of DESTQ and basically a reverse merger with Marquee Brands, then DESTQ shares could be exchanged for shares with a new ticker and new name essentially owned by Marquee.

For those willing to wait for a POR to be filed with the court, the fate of DESTQ shares should finally be known at that time.

At this point, I've decided to hold most of DESTQ shares until a POR is filed, no matter how long that might take. When all hope is gone, I will try to sell these shares for a tax write-off when I can.

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