Replies to post #488 on Endo International Plc (fka ENDPQ)

[1manband]

The company is not selling shares. Shares are still trading OTC, because the SEC and FINRA have no regulatory authority to stop public trading until after the bankruptcy is concluded and the stock is cancelled under the authority of the bankruptcy court.

Once the stock is cancelled, the stock will be worthless. Permanently.

That WILL happen. The common shares have no value.

I suggest you read the SEC's information page on public company bankruptcies.

https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html

"In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders."