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1manband

03/28/19 2:23 PM

#66605 RE: JohnR767 #66604

No, the LAW prevails. Always.

Not the incorrect fantasy "interpretations" of the documents.

Or one nutjob on Facebook doing their own "DD" claiming the contracts are worth "billions".

The law is the law - the common shares WILL BE CANCELLED.

Anyone holding shares will lose 100% of their investment.

I-Glow

03/28/19 3:09 PM

#66606 RE: JohnR767 #66604

As always - post a link to the documents that state the common shares will remain intact.

You didn't read the SEC and FINRA warning about novice investors playing the Q stocks.

"Regardless of the type of bankruptcy a company files under, any common stock in a bankrupt company is likely to be worthless.  That is because the common stock (that is, “equity”) is the last in line to receive what’s available to be distributed in a bankruptcy proceeding.  Creditors, including bondholders, suppliers and employees, all come before holders of the company’s common stock.  And, even if a company successfully reorganizes, its plan of reorganization often cancels the existing shares of common stock."

"Note: “Q” is for Caution.  Once a company files for bankruptcy, a “Q” may be added to its stock symbol to indicate the company’s bankrupt status.  If the company issues new stock as a part of its reorganization plan, the new shares will be traded without the “Q” and the “old” shares (if still traded) will retain the “Q.”  Investors are often confused by the fact that, despite the likelihood that the common stock of a bankrupt company will be cancelled, the company’s securities may continue to trade after the company has filed for bankruptcy protection and before it emerges as a newly reorganized company. This confusion may be aggravated by the lengthy bankruptcy process—which may take months, if not years."

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_bankruptcy.html

Ignoring the facts won't make them go away.

IG