Yes, I read that and only post things that have value here, unlike your comments such as:
"Major corporations like GM shafted shareholders."
They were bailed out by uncle sam years ago - if i recall (2008/9). Not much value there, sport. Any proof on how/why they were "shafted?" what bankruptcy they filed under, etc?
For more info about what you posted earlier:
The old stock that was trading when the company went bankrupt, and the new stock issued during the reorganization. The old stock, usually traded on the OTCBB or Pink Sheets, has a ticker symbol ending in "Q."
+ If you are actually a shareholder of HIPP, you should see a HIPPQ in your broker account, like I do. If shares were all canceled out, I doubt that HIPPQ would still be sitting in my account some 18 months later.
If you look into UPLD SEC filings, as I've posted numerous times, ESW bought HIPP, and likely at a big discount, yet since they were in Chapter 11, ESW paid debts and loaned money to keep operations moving. The shares in HIPP that ESW bought are likely at a big discount... pennies, nickels, maybe dime(s) on the dollar. However, we are not sure of that.
ESW owns a ton of UPLD stock AND HIPP owns a considerable amount as well. It's all in the latest filings.
ESW and HIPP are the largest shareholders of UPLD. Ideally, we'll see a conversion of shares HIPPQ to UPLD in our accounts. Likely lower amount of shares, but at a higher price then what HIPP was when it was actually trading.
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