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Home >> Stock Forums >> Tweeter, is there a future?

Tweeter, is there a future?

schtock said: "TWTRQ.PK has been hanging around 3 to 6 cents. Anyone think they may recover?"

AlfredSokol said: "It's a long way from 3-6 cents to the bigtime. I'd look for something more stable."

Rbreb13 said: "Nope, no future. The "Q" on the end of the ticker symbol means they've declared bankruptcy. Unless something substantial happens the stock will eventually be worthless. Even if they manage to come out of bankruptcy, the companies usually cancel all existing shares and issue new stock under a different symbol. Making yours worthless again."

schtock said: "I was wondering what happens when they issue new stock. It is BS they don't replace the owners of the Q stock with the new!"

newinvestor123 said: "[QUOTE=schtock]I was wondering what happens when they issue new stock. It is BS they don't replace the owners of the Q stock with the new![/QUOTE] In most cases, the old stock is simply canceled out, and the company issues (sells) new stock."