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Renee

03/19/15 7:40 PM

#31244 RE: Stargazer1945 #31243

The creditors will get it all. Even in National Market stocks that have billion dollars in assets the stock equity is usually cancelled when new equity is formed.

New equity cannot be subordinate to existing equity so the existing equity is cancelled, predicated on the Chapter 11 company actually emerging from Bankruptcy as a reorganized company.

It is rare for a .0002 stock to file bankruptcy. They usually just go dormant and then FINRA deletes the symbol after an extended period of no trading.