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Re: mwd44 post# 694727

Friday, 09/02/2022 1:29:17 PM

Friday, September 02, 2022 1:29:17 PM

Post# of 729176

Bankruptcy or Reorganization:

A company's shares may be suspended from trading during a bankruptcy filing or a company reorganization, pending the resolution of the corporate action. In this case, a shareholder's holding will be converted to escrow shares and then converted back to their original form if any equity remains in the company after the completion of the bankruptcy or reorganization process.



https://www.investopedia.com/terms/e/escrowedshares.asp

They are held in case more is found to distribute. They don't really "have value", unless it's found. Nothing further remains for distribution in this case. Hence, they were deleted, deemed worthless, with no further distribution.

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