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Old 06-01-2006, 12:58 PM
dazraf69 dazraf69 is offline
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Join Date: Dec 2005
Location: Bay Area
Posts: 1,177
Default Re: Investing: Any thoughts on Delphi Corp Stock?

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I'm staying far away from this one, so I don't have a clue if the positive scenario ends with Delphi stock still being worth anything. Quite often in bankruptcy all outstanding shares are canceled and new shares given to the creditors. Remember that while you are trading Delphi for fun and profit

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I am a little confused about this. If they come out of bankruptcy, all outstanding shares are canceled and new shares are given to creditors? How does this play out, can you provide more detail on what this means?
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