InvestorsHub Logo

nodummy

10/08/15 2:47 PM

#96959 RE: bar1080 #96958

RSHCQ made it very clear that the shares would be cancelled as part of their Chapter 11 Bankruptcy plan. Investors just may have not known exactly when the shares would stop trading.

That's the risk you take when you buy a Bankruptcy stock nearing the its Effect Date for its Bankruptcy plan.

Judging by the way the stock fell from $.08/share to under $.02/share over the past few days I think quite a few investors understood the risk and that the Effective date was nearing and did manage to get out in time.

janice shell

10/08/15 3:43 PM

#96962 RE: bar1080 #96958

And those are the perils of "bankruptcy plays". It isn't as if the company didn't make it blindingly clear that the commons would be cancelled.

Interesting that they did it in the middle of the day.

Crazy Money

10/09/15 12:46 AM

#96991 RE: bar1080 #96958

Actually, the warning was they filed bankruptcy...