Stock Tip: Be careful of buying stocks with symbols ending in the letter “Q” - NaijaStore

When 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..

Source: www.sec.gov/fast-answers/answersqaddedhtm.html