[Tim Hancock]

Originally posted by competentone
If you're going to start investing in stocks of companies in bankruptcy, then you had better start to LOVE finances!

Start by reading all their latest SEC filings:

http://www.pinksheets.com/quote/filings.jsp?symbol=DCNAQ



From Dana's website:

Dana and certain of our U.S. subsidiaries are operating under Chapter 11 of the U.S. Bankruptcy Code as debtors-in-possession. Information about the bankruptcy proceedings can be found at: http://www.dana.com/reorganization.

WARNING: While we continue our reorganization under Chapter 11, investments in our securities will be highly speculative. Although shares of our common stock continue to trade on the Over the Counter Bulletin Board (OTCBB) under the symbol "DCNAQ," the trading prices of the shares may have little or no relationship to the actual recovery, if any, by the holders under any eventual court-approved reorganization plan. The opportunity for any recovery by holders of our common stock under such reorganization plan is uncertain and shares of our common stock may be canceled without any compensation pursuant to such plan.

I read that same warning earlier. Is there a way to find out or make a reasonable guess when the stock could become worthless? I guess this part is unclear to me: "The opportunity for any recovery by holders of our common stock under such reorganization plan is UNCERTAIN and shares of our common stock MAY be canceled without any compensation pursuant to such plan." The terms "uncertain" and "may", are not very informative. I rarely think about dabbling in the market (as I have admitted that I am not well versed in it), but if I have a 50/50 chance of making a killing on this one, I might roll the dice (only talking about a couple thousand, so if it goes south, it would not be the end of the world).