what is the usual way during chapter 11 with Nanogen (NGEN)

how long will the shares traded during chapter 11 actions? what will happen after ending chapter 11 status? what will happen after purchased by Elitech group?

Answers

alanj answered a question in Corporate Finance.
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alanj answered 4 months ago …

I can't tell you about this company, but generally speaking most old shares of companies that come out of bankruptcy become worthless. If you own shares of a chapter 11 bankrupt company, sell them before they come out of bankruptcy.

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