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retireat40

07/13/09 3:22 PM

#141 RE: earthrhino #140

Uh...no. The new shares aren't issued (just like GM) until the company emerges from BK.
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PeanutButterJellyTime

07/13/09 3:24 PM

#142 RE: earthrhino #140

Rhino,

I might be mistaken, but I believe that this is still the old company, hence the symbol of frntq. Once the entire bankruptcy process is finalized, then when the new shares are issued (with a new ticker symbol), THEY will be priced accordingly. I can only assume that the same number of OS shares will be available.

GM went bankrupt, thus changed it's symbol. GMGMQ is the symbol for the old shares, the new shares, and thus the new GM, will have a different symbol.