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RJET Bankruptcy

Old 03-05-2016 | 11:20 AM
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Line Holder
 
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Default RJET Bankruptcy

More a question about the company stock. There's a rumor floating around that BB sent an email to the employee group that the stock won't trade anymore. I know it's going to get delisted on the eighth, but was unaware it would no longer trade. Any truth to this? Thanks for your help.
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Old 03-05-2016 | 01:43 PM
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That email stated they "had not yet decided" whether to allow over-the-counter trades for the stock, so the possibility exists that individuals will be unable to trade in it after March 8th.
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Old 03-05-2016 | 02:00 PM
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I don't know how he could decide to not "let" two individual parties from trading together. Ch.7 and doors close, yeah that gets halted obviously.
I've been googling trying to figure out what he meant, but can't find a single reference.
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Old 03-05-2016 | 04:02 PM
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If this stock goes on the pink sheets, you may as well play Atlantic City.
Penny stocks are the most manipulated out there. Why do you think all the spam and junk mail is for "can't miss" penny stocks.
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