Bliaq bb liquidating inc?
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Soo I own a good chunk of shares. and have for a while, bought them before and after bankruptcy. Soo dish announced in December that they paid off all of blockbusters debt, stock goess up about half a cent and recently been going back n fourth. I am new to investments, I am 21 and I have made about 150k in investing. Sec is put in place to prevent scams, correct? Sec was called by blockbuster inc and was asked for the stocks to be frozen and the name to change. Ok, soo why is it still tradeable and whats the chances my stocks will be converted to dish or new blockbuster? I understand that blockbuster and bb liquidating is said to be 2 differ things and one doesnt affect the other. But that spells scam, does it not? Another scratcher is that bb liquidating inc, 8ks show payments to employees, and to companys that help blockbuster inc run, but I thought blockbuster and bb liquid were differ, and all blockbuster events were from dish. But bb liquid shows pretty much that blockbuster is ran by bb liquid. Confused is all, I am going to keep my money in, but just would like some insight. When dish bought blockbuster, didnt they assume the debt? People like Ichan tried to purchase blockbuster while have lots of money involved in stocks, another odd thing. If blockbuster isnt bb liquid why is bb liquid paying the electric bill? And if bb liquid isnt worth anything, why is it still being traded, because the bankruptcy isnt over? Is it going to be like lehmen brothers, were the company is suposed to be dead, but stocks are still being traded at 2 cents. Some say, its all a conspiracy to keep people from making money, I mean, 1000$ invested is 100k shares and if it goes to just 1$ that 100k and if it really is accosiated with dish, 1$ is low, would think more like 15, for the natiojs still top movie rental chain. Btw if blockbuster goes away for you haters, Netflix and redbox prices are gonna go crazy. Lol n btw, blockbuster still has the largest movie library. And
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Answer:
If you buy shares of a company which is in BK and will be liquidated, you will buy yourself a guaranteed loser. I have NEVER seen a publicly traded company which went into bankruptcy pay anything to the holders of the common stock, and I have been watching the market for over 40 years. It is still traded, because there are always people out there (and you may be one of them) hoping there will be something left in the pot when it all winds up. No conspiracy, just false hope. Perhaps you get lucky and someone spreads a false rumor and it doubles or triples, but then sell fast because it will not last. P.s. Even Ichan and Warren Buffet have made some mistakes.
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