Replies to post #1503 on Nuvectra Corp. (fka NVTRQ)

[Renee]

AmirD12: to your question it is best to read the BK PLAN by Nuvectra Corp. to see if shareholders can buy warrants of the reorganized company's new stock issue, if there will be any new stock (equity) issue.

As it stands right now all previous share equity was cancelled so those shares no longer exist.

It is unfortunate that most shareholders of Chapter 11 companies that reorganize are last in line to receive any dispensation because secured creditors come first, unsecured creditors come second, preferred share holders come third, and common share holders come last, often losing the entirety of their share equity investment.

[joseytheoutlawwales]

Amir, it is cancelled. Simple as that.

In some BKs The ticker should still exist as a shell, and if your shares are still held there is the chance that some day a company may purchase and use the empty shell.

Or they also may simply delist and full cancel (which might be the case actually) of all equity- which is what I believe nuvectra did.
So at this point any money held there is a total loss, with zero chance of recovery.

[trader59]

Nuvectra was liquidated and went out of business. Its common stock was cancelled. It's completely over and a total loss to those who still held stock.