Replies to post #841 on Basic Energy Services Inc. (fka BASXQ)

[Enterprising Investor]

BAS now has 25,825,802 shares outstanding.

Market value is just under $930 million.

Unsecured creditors received 14,925,000 shares. There were 10,825,802 shares issued in the rights offering. Legacy shareholders received 75,000 shares.

http://www.prnewswire.com/news-releases/basic-energy-services-inc-to-continue-listing-new-shares-of-common-stock-and-resume-trading-under-ticker-bas-following-emergence-from-chapter-11-reorganization-300383108.html

[Steady_T]

You can sell your stock any time you want.

The stock in your account is now the "new" BAS shares. Your account should reflect the 570 to 1 RS so you should have 26 shares in your account.

At this point I have no idea what would happen to the warrants that were given to you as a by product of the RS if you sold your shares.

I used the breakeven calculation only as an example to show what the effects of the BK are on the old BAS shareholders.