janice shell
3 years ago
I haven't been following the stock, so I don't know. But yes, GPOR will trade on the NYSE:
NYSE - New Security Notification for Symbol GPOR
05:13 PM, 17 MAY 2021
MARKET: NYSE SERVICE: TRADING
NYSE has determined that the Common Shares issued by Gulfport Energy Corporation is part of a new security offering that will trade under the ticker GPOR with CUSIP 402635502 on May 18, 2021. As this new offering has not previously traded on any listing market and has no prior day's closing price, Regulation SHO Rule 201 will not apply to security GPOR until its second day of trading on NYSE. Further, NYSE Rule 123D(d) will apply and the security will be in a regulatory halt until the NYSE has opened trading.
https://www.nyse.com/trader-update/history#
You may have to do a search to find it.
Note that the stock doesn't seem to be trading yet. Also, by the terms of the bk restructuring, its stock will be a new issuance. The company put out a press release:
https://finance.yahoo.com/news/gulfport-energy-corporation-successfully-emerges-120000595.html?.tsrc=fin-srch
It also filed an 8-K yesterday, in which it explained who gets new stock in the company. I believe common shareholders are Class 8:
-- all Existing Equity Interests (Class 8) in the Predecessor were cancelled on the Effective Date;
But this is the part I don't understand:
On the Effective Date, all of the Existing Equity Interests and all of the Unsecured Notes were cancelled, and, in respect of the cancellation of such indebtedness and pursuant to the Plan and related documentation, (i) 19,726,101 shares of Common Stock representing all of the Common Stock issued and outstanding were issued to the holders of Allowed General Unsecured Claims against the Predecessor and its subsidiaries and Allowed Notes Claims against the Predecessor and its subsidiaries...
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000874499/000121390021027082/ea140991-8k_gulfport.htm
So what shows in your brokerage account today? GPOR did trade, and closed at $71.25 on volume of 3,632 shares.
https://finance.yahoo.com/quote/GPOR?p=GPOR&.tsrc=fin-srch
cablejohn
4 years ago
here is the whole thing from AD AM==--__I hold this stock-----
Delisting of Securities of Superconductor Technologies Inc.; Gulfport Energy Corporation; Apex Global Brands Inc.; Pareteum Corporation; and Youngevity International, Inc. from The Nasdaq Stock Market
4:05 pm ET February 1, 2021 (Globe Newswire) Print
The Nasdaq Stock Market announced today that it will delist the common stock, of Superconductor Technologies Inc. Superconductor Technologies Inc.'s common stock was suspended on September 30, 2020 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Gulfport Energy Corporation. Gulfport Energy Corporation's common stock was suspended on November 27, 2020 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Apex Global Brands Inc. Apex Global Brands Inc.'s common stock was suspended on November 5, 2020 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock of Pareteum Corporation. Pareteum Corporation's common stock was suspended on November 12, 2020 and has not traded on Nasdaq since that time.
Nasdaq also announced today that it will delist the common stock and 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock of Youngevity International, Inc. Youngevity International, Inc.'s common stock and 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock were suspended on November 20, 2020 and has not traded on Nasdaq since that time.
Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies' securities are trading on another venue, please review the companies' public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq's rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series
-NDAQO-
https://ml.globenewswire.com/media/a00d1214-f7e8-4665-89e0-dcfda84f5fc8/small/nasdaq-jpg-prdesk-globenewswire-jpg.jpg
https://ml.globenewswire.com/media/a00d1214-f7e8-4665-89e0-dcfda84f5fc8/small/nasdaq-jpg-prdesk-globenewswire-jpg.jpg
ybnormal
4 years ago
RH had to suspend trading to obtain enough funding to meet their margin requirements as a broker. Had they not done so, they'd have faced a margin call in the billions and it would have been game over for them. IDK about you, but I won't deal with a broker who doesn't have sufficient liquidity and reserves. That said, I wouldn't trade with webull either. 5 business days for ACH to clear, and 1-2 business days for wire to clear. What a joke. My broker clears ACH in 3 business days, and wire transfer funds clear the instant they transfer is made.
macdwatcher1
4 years ago
Yes. I agree. U know I wanna see the shorts get fried.... you know I am member of reddit and stock kitty. Stock kitty is the mastermind behind GAMESTOP. Stock kitty wants to put the hedge funds out of business. But that won’t happen. Because the SEC is on the hedge funds payroll. The SEC is in bed with the hedge funds... so yes,,, you are correct... if the stock symbol gporq is revoked , then the short sellers can rest assured that they never ever have to cover their short position..... so here a question for you to wrestle with..... when the sec revoked the stock symbol gporq, who is the SEC really helping with the revoked stock symbol? Does the revoked stock symbol help you and me who own gporq shares? The answer is NO!!! It does no help or good to common shareholders of GPORQ. EOM