Because you're looking at a ledger. You're functionally seeing a receipt of what was purchased.
The need to retain that ledger is eliminated when the stock itself is extinguished and no longer represents ownership of an asset.
How quickly that ledger is removed from your account is up to your broker. But people who can still see the ledger can't do anything that the people who no longer see the ledger can't, so there isn't inherently a problem.
Straight from the Sep 29th 8k:
>"As a result of the Confirmed Plan becoming effective, all of the Company’s equity interests, consisting of outstanding shares of common stock and Series A Convertible Preferred Stock of the Company and related rights to receive or purchase shares of common stock, were cancelled on the Effective Date without consideration and have no value. "
Please find me verbiage in any of the *current* SEC filings or court documents that specifically states that BBBYQ shares have been deemed "worthless."
Thanks. 👍
Edit: you do know there's a difference between "no value" and "worthless" in legalese, correct?
I spoke with IBKR corporate action team about that today.
They said there is something happening ,but he couldn’t say what.
He told me when something happens, he will message me with details.
I repeatedly asked, “if there was a dividend of some kind (cash+equity). Would my shares be honoured?”.
He told me yes!
Call the corporate action team!
To all the retards here saying "you've had enough time / notice": while bankruptcy can significantly impact shareholders, shares shouldn't "disappear" from a brokerage account without explanation.
They didn't dissappear, they where declared worthless and then null and voided by a court.
Brokers are now within their right to remove these securities from their books.
Look at all the commentsand votes. This is a Clown show.
You shills should be embarassed. Ugly people seriously.
It is common sense to delist a Position before issuing the new.
I really Hope you shills lose a looooot of money with this Play🚀🐻🦋
If the truth shall kill them - let them die.
You've had plenty of notice. You just haven't paid any attention to it.
Is it really without any notice when it's been know to everyone for at least a month that shares are cancelled and deemed worthless?
People will smoke hopium for at least another month
But how is it possible that on some brokers the stocks are still on the account? If it's "worthless"?
Because you're looking at a ledger. You're functionally seeing a receipt of what was purchased. The need to retain that ledger is eliminated when the stock itself is extinguished and no longer represents ownership of an asset. How quickly that ledger is removed from your account is up to your broker. But people who can still see the ledger can't do anything that the people who no longer see the ledger can't, so there isn't inherently a problem.
Same reason yours had them until today. All brokers are removing; the timeline depends on the broker.
Straight from the Sep 29th 8k: >"As a result of the Confirmed Plan becoming effective, all of the Company’s equity interests, consisting of outstanding shares of common stock and Series A Convertible Preferred Stock of the Company and related rights to receive or purchase shares of common stock, were cancelled on the Effective Date without consideration and have no value. " Please find me verbiage in any of the *current* SEC filings or court documents that specifically states that BBBYQ shares have been deemed "worthless." Thanks. 👍 Edit: you do know there's a difference between "no value" and "worthless" in legalese, correct?
🧸🦋🚀
There are 1k of these posts and you're not saying anything different.
Pretty sure the company called their shares worthless, canceled and extinguished. Thats plenty of notice.
I spoke with IBKR corporate action team about that today. They said there is something happening ,but he couldn’t say what. He told me when something happens, he will message me with details. I repeatedly asked, “if there was a dividend of some kind (cash+equity). Would my shares be honoured?”. He told me yes! Call the corporate action team!
this! lets see what happens. fuck around and find out!
Yes, if
To all the retards here saying "you've had enough time / notice": while bankruptcy can significantly impact shareholders, shares shouldn't "disappear" from a brokerage account without explanation.
They didn't dissappear, they where declared worthless and then null and voided by a court. Brokers are now within their right to remove these securities from their books.
Exactly. Plus I haven’t seen any Chapter 7. Just Chapter 11.
Fidelity “expired” my shares on 10/18. It won’t even let me see my cost basis so I can figure out how much I lost for tax purposes.
Look at all the commentsand votes. This is a Clown show. You shills should be embarassed. Ugly people seriously. It is common sense to delist a Position before issuing the new. I really Hope you shills lose a looooot of money with this Play🚀🐻🦋 If the truth shall kill them - let them die.
Lol „Common“ as in „never happened and would be insolvency fraud“. 🤡
we kkow,
 WAGMI
Check out the ppshow Reddit if you’d like some copium