What Happens To The Stock Prices Now?
Q: Since the company is in bankruptcy, what happens to the stock prices? Also, didn't the company officer claim couple of weeks ago that they were not going to go bankrupt? I remember something to that effect.
A: They lock trading so the price doesn't drop to nothing. Since it's Chap 11, the government oversees them while they reorganize and try to fix things. If they survive chapter 11 and come out of it things will continue as normal. If they actually go bankrupt (Chap 7) then your investment is worthless. The company will be liquidated, debtors/ shares paid off in a particular order (note: if you're reading this, your shares aren't a high enough class to be one of the shareholders who may possibly reclaim some of their investment), and your shares dissolved. Sorry, but you're fucked. Get whatever you can from the Q edition and if you don't believe me check out VSUNQ and TRONOXQ stupid ethanol and titanium disapate or whatever! Bankrupt companies don't give anything to their shareholders. I love the stock market. This is what happens when you pick the wrong stock and don't do research. GGP is gone. Little tip. Make some money on MESA. Hawaiian interairline stock. Check out the board. I have had it with people who are full of false information on message boards. All bankruptcies are not created equal. Do your own due diligence about a company before for you spew your garbage. Did it occur to you to cite companies that have emerged from bankruptcy with their common shares intact while you were giving your examples of failed companies? I guess not. Yes, General Growth current common shareholders may be wiped out, but the chance that they will survive is higher than any other company that has filed for bankruptcy in recent years. And should General Growth common shareholders survive, the reward will exceed, beyond your wildest imagination, the reward of buying a non-name airline stock. Guaranteed. I just have one question for you guys, do you really expect that the common shareholders for GGP will not get wiped out? Seriously, you guys should think again. If a company does file for chap.11 or even 7 which is the worst, the common shareholders do get nothing, and by that i mean NOTHING! You are telling me when AA (American Airlines) went under chap.11 that their common shares survived?? NO IT DIDN'T!, and if you think NT filed under the Canadian chap.11 which is known as the "CPPC" that there shares for the common shareholders will survive, NO IT WON'T, when any company files for bankruptcy, the first thing that goes is the common shareholders, then the Creditors get paid out then the bond holders, and very last is the common share holders. Normally the just issue new stocks under the company and you get very little to none if you were holding the older stocks. So, to answer your question, I seriously doubt any shareholders of this company will get anything, if they do it will be very little, cause when a company emerges from Ch.11, its the common shareholders that take the biggest hit. If you don't believe me just hold on, I am not trying to spread any kind of false BS, I am laying everything on the line. So, if you choose to hold its your choice and i wish you and whoever holds this stock the very best of luck and I hope I am wrong. But i am about 98% sure that none of you guys will get any type of a profit.
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