A couple months ago a company in my portfolio, Synergy pharmaceuticals, went bankrupt. I'm young and relatively new to the stock game, so I'm having a difficult time figuring out what's going to happen. The more research I do the deeper down the rabbit hole of uncertainty I go as they all seem to claim something different will happen. Will investors be compensated, if so how will that work. Thanks to anyone who replies
As a shareholder, sorry to say but you are out of luck. The shares are worthless. If by some strategy they come out of bankruptcy, your shares are not coming back. Any class action lawsuits are just ambulance chasers, nobody will make money back from that except the lawyers.
Most likely you will lose all your income and the money you have invested in this company, however, you can try to hire these lawyers https://ndandp.co.uk/insolvency-claims / that can help you partially save your money that you have invested in this company. If you don't do anything, you will lose all your capital, it will be very sad to part with money, but this happens and very often companies can go bankrupt in an instant and all the shares and people who bought them will also lose money along with this company. I wouldn't wish such a fate on anyone, not even my worst enemy. Good luck solving this situation friend!
I had the pleasure of experiencing a similar situation. I held Frontier Communications and their stock became worthless. In my ignorance, I assumed all of their customers lost service. Ha! The company is still providing service, so I have to wonder: If a company is facing bad times, how easy is it for a company to manufacture a collapse just to clear their obligation to share holders. Am I supposed to place my trust in some judge to make sure there is no fraudulent claims? I'm not sure I want to know the answer.
