The Floridian Boys

[goforthebet]

question to all:

I was going to take a chance and transfer some more cash into myu account and buy all the WAMUQ I could get, but I have been reading some on Chap 11 companies and it is starting to scare me a bit...

At any time, a "Q" company can submit a plan to the Court and in that plan they can basically cancel their stock...

Here is the 'official' info/link... "Q" Added To Stock Ticker Symbol

When a company is involved in bankruptcy proceedings, the letter "Q" is added to the end of the company's stock ticker symbol. When a company emerges from bankruptcy, in most cases the plan of reorganization will cancel the existing equity stock. Accordingly, be sure to read a company's proposed plan of reorganization before purchasing stock in a bankrupt company. For more information about the impact of bankruptcy proceedings on securities, please read our online publication, Corporate Bankruptcy.

http://www.sec.gov/answers/qadded.htm

any opinions on that?? thanks in advance