Has trading been suspended on the stock? This morning in pre-markets it was down to 60 cents; now it’s back up at 70 as if it didn’t open today. And there are no active trading charts. Is that how you keep it from falling to zero?
8 replies (most recent on top)
I bought some for 2.764 cents just now !
Trading at about 0.17 10 AM.
MDRIQ now set to trade OTC (pink sheets).
https://www.otcmarkets.com/stock/MDRIQ/overview
I've held on my stocks ever since I joined the company. Any chance/hope of recouping what I have left? or have I lost my stocks completely?
Are you WFT in disguise?
Here's hoping and praying that ExCom and BoD are still able to pay their monthly country club dues. Golfing at the local public course, the horror.
You understand you lost your stocks, right?
Shares are cancelled
As a result of the upcoming Chapter 11 filing, McDermott expects to be delisted from the New York Stock Exchange within the next 10 days. McDermott common stock will continue to trade in the over-the-counter marketplace throughout the pendency of the Chapter 11 process. The shares are proposed to be cancelled as part of McDermott's restructuring.