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I-Glow

04/02/19 11:42 AM

#67036 RE: bbhuey #67031

You really should read the SEC warning about investing in Q stocks - when I see posts about still trading - is pretty funny!

"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

"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."

IG