InvestorsHub Logo

shajandr

04/26/17 5:11 PM

#346359 RE: Whiplash_Investor #346358

Sorry, butt the corporation is revoked. The ticker is a zombie ticker - there is no underlying corporation, so the shares are simply shares in nothing.

The ticker hasn't been revoked, butt the shares you have are zombie or phantom shares - you own shares in a corporation that no longer exists.

A ticker is nott a corporation. It's a trading ticker. Only the SEC revokes those and it takes many years to decades before they gett around to that, so the tickers of dead companies stick around after the companies are long dead.

Simple legal fact. The Delaware incorporation is no longer. The corporate entity is G-O-N-E. The corporation was liquidated in Chapter 7. It was revoked by the Delaware Secretary of State. It no longer exists.

If you were to somehow find someone to buy those shares from you for value, you'd be subject to them later suing you for fraud, as you sold shares in NOTHING for value, and I've now put readers on notice that the shares have no value, so they can't claim they didn't know when the shares were sold to others. It's straight-up fraud.

Whether or nott the SEC has revoked the ticker yett is immaterial. It's grey market-only crapola with zero underlying value, as they are shares in - literally - nothing.