Croc Dundee Posted April 22, 2003 Share Posted April 22, 2003 What happens to shares you own in a company that enters CCAA and presumably will survive into the future? If I buy AC shares today at marketvalue, AC survives and the share value starts to climb in a year or so, is this a wise investment? Or do all current shares become scrapped and the company issues new shares? Link to comment Share on other sites More sharing options...
Guest jimmy Posted April 22, 2003 Share Posted April 22, 2003 In most cases pre-CCAA shares are cancelled and are worthless. On occasion, shareholders are given some "new" shares but even that is usually pennies on the dollar. Wait until the restructuring is complete and then consider buying the new shares. My two cents... Jimmy Link to comment Share on other sites More sharing options...
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