SFX is going nowhere. The Plan of Reorganization has been approved by most of the creditors, and the final confirmation of the Plan is in 2 weeks. The existing common stock is being cancelled under the Plan, and the ticker will be deleted by FINRA shortly thereafter. Anyone that buys and owns this stock is going to lose 100% of their money very shortly.
Why are there always people that think Federal Bankruptcy Law doesn't apply to their stock, and things will be different for the first time EVER? I hope those people like really expensive wallpaper, because that is the only thing SFXEQ certificates will be good for in a few weeks.
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