$BIGGQ
$BRDSQ
Oh man, sorry Big Lots shareholders but this reminds of how Bird scooter company scr*wed shareholders. Bird goes bankrupt, the stock now trading for a fraction of a penny on the OTC exchange, but somehow there are still Bird scooters in every city I go to. Somebody is still collecting money while shareholders lost everything. So messed up. How is it even legal.
$BRDSQ Apparently there is a plan, and shareholders will require some compensation. No idea how much.
https://reorgdocumentlibrary.broadridge.com/Client/Client?data=0824/N06428/09077J/c
$BRDSQ yes they shafted us all.Thanks
@ AsylumII.
It filed for bankruptcy just two years after becoming a public company. Electric scooter rental company Bird Global has gone private after emerging from bankruptcy. The Miami-based business sold its assets to micro mobility firm Third Lane Mobility, its new parent company.
So why are the shares still trading?
$BNZI Many SPAC are Scum, and most of them will not go to OTC but will go bankrupt. $FSRNQ $QTEKQ $APPHQ $BRDSQ In the end, investors’ money will disappear like fireworks.
$BRDSQ The lower priced stocks, by there very nature, will have large upward moves when a major investor creates a whale investment. Most of the time, these stocks will drift. You've got to be OK with the drift. New Board members will act as a catalyst here and probably see clear action next week. PT =.34 = next resistance level.
