GNC GNC
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I’m not sure why anyone is surprised. GNC said from its original filing, that they doubt there will be any recovery for common shareholders. They don’t say that unless they know. It would have cratered their own stock as well. Learn, a little research can save you heartache and money!!! Xxxxxxxxxxxxxxxxxxxxx
If the bankruptcy courts don’t accept the reorganization plan, gnc only has one option, LIQUIDATION!!! The loans are due, the creditors would have no option than to force total liquidation. Any way you want to spin this, the common shareholders are fucked. This stock will be sub pennies within 30 days. Xxxxxxxxxxxxxxxxxxxxxx
The stock has value, simply because there are fools like yourself that are dumb enough to buy it. It’s not based on anything to do with gnc. Harbin owns gnc. The shares are not part of the deal. Why would they pay 700 million for 7 million worth of shares. They paid off the secured creditors, in exchange for the company. Learn how to read, if you ever learned reading as a skill, you would have read that there is nothing for the shareholders. Cxxxxxxxxxxxxxxxxxxxxxxxxxxxx
I’m not really sure that the shareholders understand exactly what they hold shares in. Gnc is now owned by Harbin, not the shareholders. The gnciQ stock, is basically just that, stock, with no actual value. It will continue to trade, until it doesn’t. It will be sub penny in the near future. People are buying it, in hopes it goes up, and it might. If there are more buyers than sellers, it will rise, but eventually come down to sub pennies. It’s worthless. It has nothing to do with gnc any longer. Learn before you buy, and don’t buy stock in bankrupt companies, it seldom pays off!! Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Zero!! That’s what your shares will be worth
You sir, are now officially the dumbest person of the day!! Congratulations on buying 20,000 shares of worthless crap.. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Sorry, minor typo. 750 million. Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Sorry, 750 million
So many stupid people on this board. Harbin owns the company, not the shareholders. You own stock in a defunct business. Shareholders don’t own gnc any longer, that’s what Harbin paid 750 million for. They don’t own forty percent, they own 100%, you own nothing!!! Learn what and how bankruptcy works. Harbin didn’t pay 750,000 just to keep their 40%. They bought gnc!! Your shares will be worthless. Cxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxcxxxxx
See, this I what I’ve been talking about, ignorant people investing in this stock!! When is the next earnings date!!! Haha!!! Are you for real?? They won’t and haven’t reported ratings since being delisted. They have zero reason to, and aren’t obligated. The company loses money, why would they say anything. They are also not connected to this stock an longer. If they made a Trillion dollars, it would have no impact on this stock. I watch these comments for entertainment, and simply amazed that people buy stock in crap like this. A fool and his money, will soon be parted, couldn’t be any more red here. Cxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
