Regretably it means that MTLQQ stock has been cancelled , meaning no more shares exist excepting for ONE created and issued share of MTLQQ to a trust .
New equity will be authorized for the Secured Creditors , but former shareholders' equity no longer exists . Brokerage accounts will likely display the amount of MTLQQ cancelled shares are held in their client accounts but there will be NO VALUE affixed to those shares .
Unconscionable !!
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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