Replies to post #13258 on SandRidge Energy, Inc. (fka SDOCQ)

[Pennyprof]

Is that 30 days normal for every bk stock that gets it's plan approved? Just curious because it seems like some bk stocks just get deleted all of the sudden without warning.

[Pennyprof]

Never heard back from you regarding my question(speaks volumes), so after a little digging I found an answer anyway. The shares do NOT have exactly 30 days more to trade. The shares will be canceled when "The Plan" becomes effective, WITHIN 30 days.
" The Plan received overwhelming support from its stakeholders and its confirmation enables the Company to target emergence from Chapter 11 within the next 30 days, eliminating $3.7 billion in pre-petition funded indebtedness."
http://investors.sandridgeenergy.com/investor-relations/press-releases/press-release-details/2016/SandRidge-Energys-Plan-of-Reorganization-Confirmed-by-Court/default.aspx