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    lost??'s Avatar
    lost?? Posts: 234, Reputation: 7
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    #1

    Dec 14, 2009, 07:43 AM
    Investing in a company that goes bankrupt and emerges
    I invested in a company that went bankrupt a little while bank and has recently emerged from bankruptcy. Do my shares transfer over to the reorganized company or do I pretty much lose what I had invested?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Dec 14, 2009, 08:06 AM

    Hello lost:

    Your shares SHOULD transfer over, but they may be worthless anyway. It depends on lots of things...

    A phone call to the corporate secretary's office should get an answer to your question, though.

    excon
    lost??'s Avatar
    lost?? Posts: 234, Reputation: 7
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    #3

    Dec 14, 2009, 08:15 AM
    Thanks for your response. I was just wondering because the shares of the reorganized company are trading at about 20x what I paid for them, however I didn't see this reflected in my brokerage account. I figured they weren't going to be worth that, but I wanted to ask anyway. I'll look into it a little more, thanks.

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