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Q: I just received a Chapter 11 notice on a small holding I have AKUMIN. Another in a long line of US Healthcare companies that list in Canada and go bust! Looking at the trading history on your site, it looks like it was trading very small volumes (9.5k) at around .20 for 4 or 5 months and then all of a sudden on Monday October 23rd, its last trade, was at .51 for 1,170,000 shares. Two questions 1) why would anyone buy a large block and pay a huge premium for a stock that is in trouble???.......does this not wreak of foul play? If not, why would someone have purchased these shares? 2) Is my money dead or is there hope it will come thru bankruptcy with some shareholder value? I would love your perspective as this seems really odd to me.

Many Thanks

Scott
Read Answer Asked by Scott on November 03, 2023
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