Replies to post #82680 on Protective Capital Structures Corp. (fka PCSO)

[Hoocher]

From my past expierence in 'bankrupt' companies, they 'start over', which means the old symbol and shareholders are screwed. They get nothing for the shares they hold.

[Howardhaftel]

A name change in itself does not change the status of your holdings. What went along with the name change? Was there a split? Did they go to a higher exchange?
If for example there was a split or reverse split then the share quantity will change. They could also have released good news that made the stock attractive and people start to buy and the price rises.

[Eli's Gone]

Appears in your example there was a name change and 1-1000 reverse split----what is the co name/new symbol?...

[lc45]

Buster, did you mean to ask about a name change, or a name, cusip, and ticker symbol change? Could be a big difference.
And, it is up to how the company goes about executing the change that controls how we fare. They can protect the shareholders interests by exchanging shares one for one, and screw the shorts, or end up screwing everyone out of any value that they might have, now or in the future, by combining it with a reverse split. Remember the share count is the multiplier for your potential value if the stock does bounce back. I think I am correct in saying that if only the three items are change for records purposes, the shorts would have to cover, but we shareholders would end up with a like valued positon in the "new" company. Excluding a R/S, you would have just as many shares in the new, as in the old. In most cases a R/S means we are screwed.
Let the discussion begin. GLTY LC