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Westwood One, Inc. Message Board

  • lisarain18 lisarain18 Mar 3, 2009 3:19 PM Flag

    Confused about common shares

    Forgive my newbness, but what are the scenarios that can happen now with this stock?

    I noticed they got their debt taken care of and saw it drop to 3 cents a share, so I bought a few thousand shares ... is that bad? :p

    Doing more research, I still can't find out what happens when a company takes control. I saw someone mention "canceling the shares", can they just do that? Do we get anything for the shares we hold?

    I had faith in this stock, I was holding long from several months ago, but I'm confused about where the stock can go now. What kind of possibilities are we looking at for this stock to increase in the future?

    Any advice would be great. I only started investing 5 months ago and am still learning as I go.

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