Concerning Stock Relisting From Bankruptcy.?
Published on Tuesday, February 9, 2010 
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Concerning the following; Calpine files for re-listing on NYSE after bankruptcy ends
5:46 p.m. 12/05/2007 By Sue Chang
SAN FRANCISCO (MarketWatch) — Calpine Corp. (CPNLQ)said late Wednesday it has filed an application to relist on the New York Stock Exchange after its bankruptcy ends. The company is expecting to emerge from bankruptcy before Jan. 31 and expects shares of the newly issued stock to begin trading on the NYSE in January under the ticker symbol CPN.
What will happen to stocks already owned listed as CPNLQ?
HB
2 Comments
Comment by Gary
The old share of CPNLQ will be canceled and you won’t receive any new stock of CPN. Although it sounds unfair that you probably won’t get any of the new shares, that’s one of the pitfalls of investing in stocks.
If I were you, I sell before the new stock is reissued. That of course if you still have a lot of money tied into the stock.
Other then that, you’re out of luck.
Comment by gato_del
I think you’re S O L on that one.
Calpine was a tragic story, much like Enron. They had great gas generation and good locations, but got too leveraged plus some accounting no no’s
Take a look at Cirtran…..sure it’s a penny stock, but it is heading (now) the right way.
Good Luck