I wanted to learn more about stocks, so I opened an Ameritrade account a few years ago so I could experiment. I bought some shares in the telecom company Mcleod USA and in January the company came out of bankruptcy, and cancelled all of its stock. If the stock was cancelled, why is it still in my portfolio at the last price it traded at? Shouldn't it automatically become a loss? I tried to ask someone at Ameritrade but they got me confused. They said I could turn the stock over to them for a $25 fee. I don't get this. Please help me understand what I should do. Thank you.
2006-08-22
10:05:31
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5 answers
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asked by
QAnickname
1
in
Investing