InvestorsHub Logo
Followers 3
Posts 396
Boards Moderated 0
Alias Born 12/04/2009

Re: Skivail post# 1317

Sunday, 02/21/2010 8:51:21 PM

Sunday, February 21, 2010 8:51:21 PM

Post# of 4759
Skivail.....buying any stock of a bankrupt co is high risk, as you know. All of us on this board are optimistic our shares will survive..but..the risk is VERY REAL. Remember what happened recently to GM shareholders? wiped out. That's a frequent outcome of BK, even a restructure. With GM, the existing stock was wiped out, and then the restructured company issued new shares. That is not unusual. There is a good summary of what can happen in BK on SEC's website, and I think someone on this board provided the summary and the link. Suggest you take a look at that. Good luck!
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.