so eventhough the company going to come out of bankruptcy after reorganization and having new stocks the old one don't convert to new one? Oh! boy...
I think chapter 11 is under bankruptcy protection, they're not in chapter 7 where is shutdown of company.
Now that United Airline going to come out of bankruptcy and having new stocks where can I find out their term for investors??

Thanks

comsci03 said:so eventhough the company going to come out of bankruptcy after reorganization and having new stocks the old one don't convert to new one? Oh! boy...
I think chapter 11 is under bankruptcy protection, they're not in chapter 7 where is shutdown of company.
Now that United Airline going to come out of bankruptcy and having new stocks where can I find out their term for investors??

Thankslink

What does it mean that the common stock will be cancelled? Why aren't current common stockholders receiving anything under the Plan?
As United has said for some time would likely be the case, the proposed POR provides that UAL's current common stock will be cancelled and cease to have any value.