razo2
:
when company files for chapter 11 usually they will still want the business to continue. but the new stock ticker will be changed and the old ticker will be removed. hence wipe out all old stock to almost 0. shorts will be forgiven, longs will be either by the good will of the company to be paid an amount or nothing. the company usually will pay their debtors first, stock holders will be the last to get anything.
broad-minded Dingo_2 : Is it possible that it will rise again?
aspiring Squirrel_75 : You can sell them .. first thing premarket
buffetsson : We’ll look at REV it traded for a while
broad-minded Dingo_2 buffetsson : So should I sell it or keep holding it?
buffetsson : What he said
Shroomie : there will probably be a BK play... stock is gonna be crazy Monday morning
BagHolder24-7 : Wait until it hits $20 and sell.
razo2 : when company files for chapter 11 usually they will still want the business to continue. but the new stock ticker will be changed and the old ticker will be removed. hence wipe out all old stock to almost 0. shorts will be forgiven, longs will be either by the good will of the company to be paid an amount or nothing. the company usually will pay their debtors first, stock holders will be the last to get anything.