Seadrilled

[gstillson]

Just noticed Seadrill is up 21,000% today....that would be a good day if real.

 

[Oz investor]

a share consolidation or a computer error

( or a newly listed share ??)

according to Bloomberg it opened today at $25.00

 

[njhowie]

https://www.reuters.com/article/sea...rges-from-chapter-11-bankruptcy-idUSL8N1TY5HI

Current Seadrill’s shareholders will receive 1.9 percent of newly issued shares.

Old shares are gone.

Previously there were about 504 million shares, those have been reissued as 304,000 new shares. That's about 1 for 1650 reverse split for shareholders prior to today. So if you held less than 1650 shares, you now own none.