Well a Q rating means that if someone takes over the reigns they could easily erase the old shares structure so it is a risk
https://www.sec.gov/answers/qadded.htmWhen a company is involved in bankruptcy proceedings, the letter "Q" is added to the end of the company's stock ticker symbol. In most cases, when a company emerges from bankruptcy, the reorganization plan will cancel the existing equity stock and the old shares will be worthless. Given that risk, before purchasing stock in a bankrupt company, investors should read the company's proposed plan of reorganization. For more information about the impact of bankruptcy proceedings on securities, please read our online publication, Corporate Bankruptcy.
I don't get it.
Basically they say "we try to rebuild the company and maybe we manage do to it, but even if we are successful, you get nothing".
Umh... why?
I fully understand not giving money back if they are unable to recover, and I definitely understand that creditors should be paid first, but what's the point of "just erasing old shares" instead of "they are last in line"?