Replies to post #878 on Goodrich Petroleum Corp. (fka GDPMQ)

[snidely]

So if we have common we should 100% sell ASAP? Why is anyone even trading the stock then? I'm currently down $3K and my holdings worth $78 lol.

[IrrationalExuberance]

Is anyone surprised?

Of course "holders of Company preferred and common stock will receive no recovery on account of their equity interests." That's what bankruptcy means....