Re: Bankruptcy Protection Stock Becomes?
When companies go into bankruptcy, their shareholders generally lose everything. You might get 1% of the pre-bankruptcy value back after they go through liquidation.
[ QUOTE ]
“The Company intends to announce any notice of delisting, upon which it will evaluate the trading of its common stock in the pink sheets.”
[/ QUOTE ]
The company is currently trading on the OTC BB exchange (Over the Counter Bulletin Boards), which is for very small companies and has fairly lax requirements for a company to list its stock there. The company apparently expects that it will soon fail to meet even those requirements, and will be delisted. At that point, it will trade on the Pink Sheets, i.e. the bottom of the barrel exchange. This exchange has basically no listing or financial reporting requirements.
|