Stock Symbol Changes do I loose my money?

Question

Hi, I am thinking about investing in DALRQ but the company is in Bankruptcy and here is there quote

On September 14, 2005 (the “Petition Date”), we and substantially all of our subsidiaries filed voluntary
petitions for reorganization under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in
the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). On
December 19, 2006, we filed a Plan of Reorganization (the “Plan”), which after amendment, is being submitted
to a vote of creditors and is subject to confirmation by the Bankruptcy Court. Under the Plan, current holders of
our equity securities would not receive any distributions, and the equity securities would be cancelled upon the
effective date of the Plan. Accordingly, we urge that caution be exercised with respect to existing and future
investments in our equity securities and any of our liabilities or other securities.

Does this mean when they come out of Bankruptcy all stock currently invested with them will be cancled??

OR was it all stock before they went into BR was cancled???

or What does this actually mean to people that invest now in the company?

when they come out and are listed again on NYSE will I loose my stock with them now?

please answer all questions aked I know its a lot but I am pretty new to these things

Answer 1

What it all means is that you should not touch this stock with a ten foot pole. It is EXTREMELY HIGH RISK. Hey!! they themselves urged that "caution be exercized......"

The court will pay off all creditors first. These could include, but are not limited to, bond holders, Promissory note holders, governments (all taxes, social security taxes,real estate taxes, corporate income taxes, etc.), rents, suppliers, wages.

You need to look at their financials AFTER they come out of bankruptcy, and are listed on a stock exchange. I doubt if DALRQ would be accepted back on the NYSE. (Too small and too weak)

Answer 2

Under the Plan (for reorganization, not of bankruptcy), current holders of our equity securities would not receive any distributions, and the equity securities would be cancelled. The effective date of the Plan (for reorganization) is the date they end the bankruptcy and emerge as a reorganized "new" company. So if you buy before they went into bankruptcy, or DURING bankruptcy (now) you will LOSE everything. Your shares will be cancelled, new ones issued. Stay away from them.