Astra Veda Corp (ASTA)

[VeronicaFox]

What Happens to Shareholders of a Bankrupt Company?
When a company files for bankruptcy, the value of its stock often declines significantly or becomes worthless, depending on the specifics of the bankruptcy proceedings. At that point, the shares are de-listed from exchanges and any dividends halted, but the residual shares may continue to trade over-the-counter (OTC). * ASTA is not listed nor exchange traded, so it will continue to trade OTC as long as they make their disclosures to OTCM.

Equity shareholders are usually the last in line to receive any money from the sale of the company's assets, after creditors, bondholders, and other stakeholders like preferred shareholders have been made whole. In some cases, shareholders do not receive any compensation for their shares and will lose their investment entirely.