It has been 66 months since the bankruptcy was filed.
This ticker represents a failed company named Capital Growth.
The entity named Global Crossings has nothing to do with this ticker today. They were acquired during the bankruptcy by Pivotal Group and taken private.
The Judge approved the plan in October 2011.......
The shares were cancelled. At some point the ticker will be deleted.
Cancellation of Outstanding Stock and Right to Deregister. The Joint Plan of Reorganization (“Plan”) of Company and its subsidiaries named in the Plan was filed with the Court on August 11, 2010. The Plan in relevant part provided that all of the Debtors’ Parent Interests (namely, all capital stock and warrants of the Company) shall be cancelled as of the Effective Date. The Effective Date was defined as the first business day after the conditions to the confirmation of the Plan had been satisfied or waived, provided there was no outstanding of the effectiveness of the confirmation order for the Plan. On October 13, 2001 the Court published notice of an order confirming the Plan as modified, the Effective Date and the Bar Dates for filing administrative claims and contract/lease rejection claims. In that notice the Court stated that the Plan became effective on October 1, 2011. Accordingly, pursuant to the Plan all of the outstanding capital stock of the Company and all outstanding warrants and options to purchase capital stock of the Company was effective and these securities are no longer outstanding. The Company shall have the right to file to deregister as a public company due to the absence of any outstanding shareholders as of the current date.