Its not my intent to bash. I own 60K of CEMJQ myself. And I think this board is valuable and the information here prevented me from selling back at .48 when I was panicking about the common shares being cancelled. But today a .02 stock I own(ed), WCIMQ, emerged from bankruptcy and they decided to go private and they cancelled the common shares. It wasn't that much money but it still hurts whenever I sit down.
I've heard it all - / the judge will look out for all the shareholders / if A>L you don't have to worry / 'We have no plans to cancel the commons' /, blah, blah, blah. I know this situation is different as the whole company isn't in bankruptcy. But the CEO won't just come out and say the commons are safe either.
I know 'Q' stocks are a gamble. I also own WAMUQ (I did my DD on that one and I feel it's safe) and THMRQ (its like only .02). But compared to those two I have a much greater stake in CEMJQ. I know the 'cancelling the commons' issue has been well covered on this board. But after today I need a little reassurance.
Thanks in Advance.
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