Penny Stocks To Watch: Pinnacle Airlines (PNCL) Grounded

The penny stock of Pinnacle Airlines Corp. (NASDAQ: PNCL) could be worthless even though the share price was 54 cents at the end of the last trading session. Pinnacle Airlines announced Friday that the U.S. Bankruptcy Court for the Southern District of N.Y. entered an order which imposes substantial restrictions on the penny stock. Trading in equity interests and debt claims against Pinnacle Airlines Corp. and affiliates will ...

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