Replies to post #954 on Republic Airways Holdings Inc fka RJETQ

[myann]

If thats the case why are people still buying large amounts of shares

[junkmanlong1]

People don't do enough research.

https://www.insiderfinancial.com/heres-all-you-need-to-know-about-republic-airways-holdings-inc-otcmktsrjetq/118330/

People were buying Enron before it went away.

People read this article.
http://www.ibj.com/articles/61325-republic-airways-plans-to-emerge-from-bankruptcy-next-quarter

They see this:
"Post-reorganization, the company plans to issue new common stock. The plan calls for the creation of 50 million shares, of which about 20 million will be issued. The fair market value of these shares, which will not be listed on any exchange, has not yet been set."

They think they will get the new common stock to replace what they have. That is not what will happen.

They will cancel the current common stock and it will be removed from your account and not replaced.

The new common stock will go to the creditors.

JML