RE: Court Lists20 Apr 2019 09:28
Putting aside the outcome of the court case there are many scenarios for share holders going forward...some not good!
The two actions that will stop trading of any stock, defunct company or not, is when a company de-registers their stock or if the stock's registration is revoked. Once that happens, a stock is delisted from the exchange, may no longer be traded and is worth nothing.
Delistings occur when companies decide to delist their stock from stock exchanges in a move to privatize or simply move to the over-the-counter (OTC) markets. ... Forced Delistings occur when a company is forced to delist itself from an exchange because it fails to meet the listing requirements mandated by the exchange.
What happens to my stock if a company goes private?
Tender offers are usually made to buy some or all of a company's shareholders' shares. These offers usually come at a premium from current share prices. If you're a shareholder in a company that is going private and there's a tender offer out on your stock, you may stand to gain substantially by selling the stock.
If a company has been delisted, it is no longer trading on a major exchange, but the stockholders are not stripped of their status as owners. The stock still exists, and they still own the shares. However, delisting often results in a significant or total devaluing of a company's share value.