Old Stock
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Schrade 61OT Old Timer Slim Premium Stock Folding Knife with Clip, Sheepfoot, and Spey Blades Sale Price: $16.25 You save: $14.13 (47%) |
Description3.0 in. 7Cr17 high carbon stainless steel blades. Closed length 4.0 in. ATTRIBUTES Blade Detail: Clip Sheepfoot Spey Blade Material: 400 Handle Material: Delrin |
Old Stock
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United Airline exited bankruptcy recently. Why its old stock price dropped to 0 after that?
If United Airlines did not exit bankruptcy, their stock would probably drop to 0 as well. Either way their stock would not have any value eventually. I don't understand why United Airline's old stock still had some value before they exited bankruptcy?
Bankruptcy means that a company has no more equity. The company goes before a judge who divides up what is left of the company to bondholders and converts their bonds to new stock.
If you owned the old UAL stock, you have lost all your money. The new stock UAUA was given to old United airlines debt holders.
I would suggest immediately selling any stock that is even close to entering bankruptcy protection. Any buying of stocks that are in this situation is purely speculative and not recommended.











































