Originally Posted by
BeatNavy
Weren't you on here a month or two ago talking about your average price being $2-3 a share? Cut your losses man. You really think the common stock will recover? This was the short of the century when it went to $5. Even at $2-3 it was a good short. It's very likely the share price will go to zero. You're better off going to Vegas. At least you'll get free drinks and have fun as you watch your money disappear.
Nope, wasn't me. I wouldn't hold long term but you could make a few bucks trading it off pure technicals in a short term swing. It's a high risk penny stock so I wouldn't bet the farm.
Originally Posted by
FirstClass
They are going to zero out the stock as part of the bankruptcy. Probably be delisted too as soon as the share price falls below a dollar.
Delisting will take a while, a notice will be given in 30 days then they have 180 days to recover. RJET is on the nasdaq so as long as they maintain at least a $35 million market cap they could issue a reverse split to comply with the $1. This is a chapter 11 not a ch 7 liquidation.