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3 answers

Its worthless according to msn but the stock certificate might make a funny memento (or make decent toilet paper).

2007-06-01 16:29:19 · answer #1 · answered by Slumlord 7 · 0 0

If there is any value to it, you will discover that when you try to sell. The suffix .PK means that the stock has been 'pink-sheeted"

Defined by the SEC as a security that sold for less than $5 per share and was not listed or authorized for quotation on a NASDAQ market exchange. Penny stocks are issued by companies with a short or erratic history of revenues and earnings, and therefore such stocks are more Volatile than those of large, well-established firms traded on the New York or American stock exchanges. Many brokerage houses therefore have special precautionary rules about trading in these stocks and the Securities and Exchange Commission (SEC) requires that brokers implement Suitability Rules in writing and obtain written consent from investors.

All penny stocks are traded Over-The-Counter, many of them in the local markets of Denver, Vancouver, or Salt Lake City. These markets have had a history of boom and bust, with a speculative fervor for oil, gas, and gold-mining stocks in the Denver penny stock market in the late 1970s turning to bust by the early 1980s.

2007-06-01 17:07:07 · answer #2 · answered by acermill 7 · 0 0

The Q signifies the stock was in bankruptcy. I believe this was the stock symbol for the "old" Northwest Airlines.
I think they emerged from bankruptcy yesterday so I think it is likely that your stock is now, officially worthless.
I think it is certain that the creditors who approved the reorganization plan didn't leave any money on the table for the previous shareholders.

2007-06-01 18:40:56 · answer #3 · answered by rarguile 6 · 0 0

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