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Republic stock / RJETQ / ???

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Old 12-20-2016, 04:14 AM
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Default Republic stock / RJETQ / ???

What happens to my 1000 shares of Republic stock (RJETQ) when they "EMERGE" from bankruptcy in the 1st quarter of 2017?
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Old 12-20-2016, 04:24 AM
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Most likely they reissue the stock and yours are worthless.
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Old 12-20-2016, 04:26 AM
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A dec 12 filing in the courts described that they are going to cancel the equity in the shares and issue new common stock. I don't believe your previous claim to equity entitles you to any new shares.
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Old 12-20-2016, 05:49 AM
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How is this still a question? Been known for awhile now that they'll be cancelled. You should've dumped them a long time ago. Poor planning.
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Old 12-20-2016, 06:16 AM
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Originally Posted by KCaviator
How is this still a question? Been known for awhile now that they'll be cancelled. You should've dumped them a long time ago. Poor planning.
You're just a ray of sunshine
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Old 12-20-2016, 12:14 PM
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This has to be a troll.
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Old 12-20-2016, 12:21 PM
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And this is why you never take investment advice from pilots
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Old 12-20-2016, 07:15 PM
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Wait until after the BK is complete, and the new stock is issued, then buy. In most BK cases, the "Q" stock is zeroed out and a total loss to the holders.
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Old 12-21-2016, 04:50 AM
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Worth what my Mesa stock was...
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Old 12-21-2016, 09:28 AM
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Plan of reorganization has been filed. Expected to emerge Q1. According to info shared during my interview, the goal is to emerge mid February.

Apparently Delta, United and AA will collectively own more than 60% of Republic.
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