Last price at 0.000

[CoffeeKing]

I have a parcel of shares currently riding at 0.021, not much, but nothing seems to be happening with this stock except it went down to what it is now, sell and cut your losses is one option I know...hold and hope is the other
but my question...
Can and if a stock goes to 0.000, what happens to your parcel if you still hold them? Have I lost the lot?

 

[mr_delta]

Long way for your shares to go to 0.000 from 0.021...I hold BRO, currently @ $0.002...this is just two ticks away from zero, zilch, nada, shunya....

Infact, I held JRV @ $0.022 on Friday and today announced a whopper of an announcement and almost 250 million shares traded today and sp hit $0.038 today...so things can change in a matter of days in today's world...Centro can depreciate by 90%+ and Flinders can go from a 1c share to a quarter dollar share in space of weeks...

 

[CoffeeKing]

Long way for your shares to go to 0.000 from 0.021...I hold BRO, currently @ $0.002...this is just two ticks away from zero, zilch, nada, shunya....

So if yours go to 0.000 thats it, lost all funds and no longer hold any shares that you had?

Goodnight Irene, pull up stumps, adious amigo's -
not a good propect then!!!

 

[Family_Guy]

What stock code is it?

 

[mr_delta]

Coffee King,

No one wants to loose money and hencewe have our trading strategies...some book their losses and move ahead...some like me hold on to the end and wait for miracles to happen....CCI is one of those miracles I have seen in the last few months...sp was at 0.05c and then they consolidated to a 10c share by reducing the number of shares 20 to 1....today the sp is around 24c and they have someone buying them out for a few millions valuing the CCI shares @ 35c or so...

As I said, it sometimes doesn't take much to change the scenario...

 

[CoffeeKing]

Thanks Mr Delta,

should of mentioned the stock (EXM) anyhow, I will hang in there, it was just something I was curious about happening and having checked out a few other stocks as well as one's you mentioned I can see there are quite a few even lower than EXM, I can see why trading strategies assist the trader.

I think I will move on, and, let em ride

regards

CoffeeKing

 

[CoffeeKing]

What stock code is it?

It is EXM , but there are lower one's than that having looked around a bit more, makes me feeeeel much better now... and who knows ????