New century financial

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Apr 2, 2007 10:56 am

bye bye, just filed for bankruptcy. why is there still a value on the stock?

Apr 2, 2007 11:10 am
aldo63:

bye bye, just filed for bankruptcy. why is there still a value on the stock?



because apparently there are still people willing to buy it....

Did you check to see if it's actually trading?  Maybe you're looking at a stale quote, or "last trade".

Shorts may want to close out their positions rather than take any risk involved with squeezing out the last few pennies.

Apr 3, 2007 8:53 am

Chapter 11, they're not out of business yet.

Apr 12, 2007 2:42 pm
Maxstud:

Chapter 11, they're not out of business yet.





There may be some residual equity and or a reorg. Not something I would get involved with.

Apr 13, 2007 1:52 am

KMart and some airlines went Chap 11 and look at them now. Fire the unions and replace with cheep employees then pay CEO 30 mill for a few months.



Only in America.



Who says share holders have a say, when they cant even vote on BOD packages. Throw in some nice back dates options and god bless America. Can't wait till the day I am 55, well maybe I can