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Recron synthetics?


I hold shares of Recron synthetics. I do not know what is the fate of the company? Is this company merged into some company, if yes, then which company and what was the ratio of shares allotted?

. I don't know where 'Wayne', above , got his 38 cent Delta share; OTC?
"Delta's previous stock was canceled as of Monday, April 30, 2007, and new shares are trading on a "when issued" basis on the New York Stock Exchange. These shares began trading normally on Thursday, May 3, 2007. The starting price was around $20.00 a share, and went up to as high as $23.35. But investors showed little confidence in the stock as the price fell to $19.00 later in the week." ...
... But IF his math is correct, he made $1/2 million.
As for REcron, they still seem to be a going concern. "Recron Synthetics Ltd,
Indian Petrochemicals Corporation Ltd.
UPSIDC Ind. Area, Tehsil Karchana
Allahabad 211 088, West Bengal
India
Tel: 91/532/2618321
Formerly known as:
Raymond Synthetics Ltd. " ................
... Recron Synthetics - Record Date
September 27, 2006

Indian Petrochemicals Corporation Ltd (IPCL) has informed that October 12, 2006 has been fixed as the Record Date for the purpose of determining shareholders of Recron Synthetics Ltd who will be entitled to receive Equity Shares of IPCL in terms of the Scheme of Amalgamation of the Company with Indian Petrochemicals Corporation Ltd. " .....
... This site says they merged @ http://www.prdomain.com/companies/I/IPCL... ; .. "1 equity share of IPCL for every 34 equity shares of RSL ". ,,,
So in effect, you lost 97% of your stock?

This question might only be answered by a stock annalist specialist
And they get paid to do it Think how complex the answer will be and the investigation on their part needed
A lot of insider info needed and that is eligal
I brought $10,000 in Delta Airline stock last December $0.38 a share and sold it this summer when it hit $21.82 a share
This was my own risk taker

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