if a bankrupt company cancels its common stock upon coming out of bankruptcy. what happens to the stock that i hold. is it worthless are do they make an offer to us?
2006-12-11 02:23:23 · 5 answers · asked by DAVID Y 1 in Business & Finance ➔ Investing
you lose.
2006-12-11 02:24:54 · answer #1 · answered by St♥rmy Skye 6 · 0⤊ 0⤋
Being bankrupt, the company may not make a general offer to the shareholders who get the last priority to share what is left after settling all creditors!
2006-12-11 02:30:48 · answer #2 · answered by Sami V 7 · 0⤊ 0⤋
you lose all of it! yet while your watching gm its nonetheless achievable yet once you could arise with the money for fifty-60 shares, theres a posibility you additionally could make a very good return. gm made it for the duration of the super melancholy. its achievable, yet interior of a pair years it must be a very good element to look back on.
2016-10-18 02:46:29 · answer #3 · answered by binnu 4 · 0⤊ 0⤋
Say bye, bye to your money and shares when they come out.
2006-12-11 02:55:10 · answer #4 · answered by Grandpa Shark 7 · 0⤊ 0⤋
You may as well hang onto it but it may not have any trade value.
2006-12-11 02:32:23 · answer #5 · answered by Anonymous · 0⤊ 1⤋