Blockbuster says stock 'has no real value'
The defunct Blockbuster Inc. filed a report with the Securities and Exchange Commission Tuesday, basically wrapping the company's loose ends.
Join the discussion below, or Read more at Houston Business Journal.
#1 Jun 8, 2011
This isn't news and if the stockholders are just getting wind of this, they need to get out from underneath their rock.
#2 Jun 8, 2011
Nomo - Actually Blockbuster stock is still trading in the OTC market. I'm not sure why that information, the projection about the stock was made, but it is in the 8K filing of 6/6. It might be a requirement for filing a monthly 8K report.
Again, as I stated in the thread about the 8K filing, it was quoted in my opinion as sensationalism.
BTW, trading in a Bankrupt Company's stock is quite common. And, you can make money with trades if you do it correctly. For example, if you bought a Penny Stock at 3 Cents and it goes up half a cent, that is a whopping 16% increase.
#3 Jun 8, 2011
There's no need to tell me what I already know about where the stock is traded and how laughably low its price is and that a 16% or so increase for it is just a few pennies. Once again, an 8-K is only for an important business event affecting stakeholders. 10-Ks and 10-Qs are for financial statement filings and stock outlooks. Now that you're finally done with Blockbuster, from an employment perspective that is, time to update your business knowledge.
#4 Jul 25, 2011
NO REASON TO BUY ANY BBV STOCK..... unless your DUMB AS A BOX OF ROCKS !
#5 Jul 25, 2011
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