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|Subject: GGP relisted as GGWPQ.pk||Date: 4/23/2009 11:45 AM|
|Author: TomFoolNC||Number: 7160 of 8881|
I have (had) a pick, GGP, they fell below $1, but since they were picked before that they were still on my scorecard. They went bankrupt, were de-listed from whatever exchange they were on and re-listed on the pink sheets as GGWPQ.pk. They are trading under a $1 but market cap is over $100M.
I got a CAPS alert saying GGP was de-listed and closed by pick.
I knew GGP was going to go bankrupt. My investment thesis is that unlike most bankruptcy they do have equity and will re-emerge at a $10-12 stock price. (I believe they have a liquidity issue).
So how can this be handled in CAPS? I'd like to see CAPS now support the new symbol, and perhaps back to the old symbol when they emerge from bankruptcy.
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