tag:blogger.com,1999:blog-1527840491496268397.post3556066300543634086..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: GMX Resources Stock is Gone For Good $GMXR $GMXRQ $STPFQUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1527840491496268397.post-17518312468696391592014-02-06T14:23:23.072-07:002014-02-06T14:23:23.072-07:00Hmm, I think I get that. I am asking, "is the...Hmm, I think I get that. I am asking, "is there no other way in these cases than to cause the shares to cease to exist?"<br /><br />I mean TECHNICALLY don't the creditors of the company get control of the shares? And they sometimes leave the equity as an exchange tradable entity, right?<br /><br />This is mostly an academic concern so ignore it if I am asking a pointless question that I can't see the pointlessness of at the present moment.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-7066638368583260192014-02-06T14:21:26.898-07:002014-02-06T14:21:26.898-07:00The shares cease to exist as a result of the bankr...The shares cease to exist as a result of the bankruptcy plan confirmation. It creates a new capital structure with a new equity class.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-56294444994878268512014-02-06T14:19:57.544-07:002014-02-06T14:19:57.544-07:00Is there a reason there isn't a greater than z...Is there a reason there isn't a greater than zero market for the publicly traded shell of a now bankrupt company for buyers interested in getting public market access on the cheap?<br /><br />Is it because it comes with the stigma of a bankruptcy?<br /><br />Why extinguish these entities instead of selling them to someone in a "reverse merger" kind of situation that wants a public ticker for their holding co?Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.com