Shearson Financial Network (fka SHSNQ)

[stripus]

I thought about jumping in but after seeing the Q stay on after they emerged from bankruptcy it raised a red flag for me. I saw this happen to Interstate Brands Corp. and after a couple of days they cancelled all the commons and everyone lost it all.
Or is this just a shell now awaiting a R/M with a new company?

I could have bought in, but since I trade in my 401K it takes several days to clear and I was afraid that before I could turn these shares they would be cancelled.

Someone please explain why there is still a Q on this stock and it has already emerged from bankruptcy?