GREY:ARGEF - Post by User
Comment by
Mininggeneralon Jun 19, 2019 11:03pm
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Post# 29842614
RE:Still...
RE:Still...Sac, if by chance Argex restructures, old shares are worthless and new shares will be issued. You will be buying new shares. What happens to the stock? The short answer is that most of the time, the stock of a company in Chapter 11 becomes worthless and shareholders get completely wiped out. Purchasing stock of a bankrupt company for pennies per share and hoping to make a quick buck when the company restructures almost always turns out to be a bad idea. The company may issue new shares upon emerging from bankruptcy, at which point the old shares are cancelled and become worthless.