New century financial
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bye bye, just filed for bankruptcy. why is there still a value on the stock?
[quote=aldo63]bye bye, just filed for bankruptcy. why is there still a value on the stock?[/quote]
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.
[quote=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.
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