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Re: the_hoard post# 13560

Monday, 01/29/2024 5:08:12 PM

Monday, January 29, 2024 5:08:12 PM

Post# of 13959
First off, it isn't a delisting. That's when a stock is removed from an exchange(NYSE, NASDAQ, etc), typically landing on the OTC. It was a revocation of the registration, which means it can no longer trade on the public markets, why the ticker has been deleted. The stock you see now holds equity in essentially a privately held company, but one that is in Chapter 7 bankruptcy proceedings, being liquidated and shut down. It would take an order from the judge to cancel the stock and have it disappear, but I don't expect the Trustee to even bother, since the stock will never trade again.
Have you ever read anything about Chapter 7 bankruptcy to understand what it means and how it ends 100% of the time (by law), or are you just wanting to ignore those facts for some sort of extended false comfort? You and the babbler need to study that as much as you look for unrelated companies on the internet to fantasize over, it will let you move on from this dead investment.
Here:
https://www.law.cornell.edu/wex/chapter_7_bankruptcy
Read the part under "Business Entities"

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.

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