Thank you for your thoughts. Your common sense approach is much appreciated, at least by me. I too am conflicted about whether to trade this stock or hold until the dust settles.
My main concern is what will happen with SHLDQ shares. I've played only one other bankruptcy and in that case the POR clearly stated that all current common shares would be exchanged on a 1 for 1 basis for a new stock symbol. So shortly after the bankruptcy terms took effect, my shares of WXYZQ were exchanged 1 for one with ABCD shares.
ABCD shares then traded about 1 month on the grey market until a new form 211 was filed and then ABCD began trading on the pink sheets. ABCD then managed to gain about 200% over the following 12 months.
Unfortunately, I don't have the time to read through all the legal documents connected with this bankruptcy. So I am wondering whether or not it is clearly stated in any of those documents that SHLDQ shares will be exchanged on a 1 for 1 basis for a new stock symbol? TIA if you are able to shed any light on my question above.
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