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I had a small position in this Argentinian utility company (Metrogas, MGS) when it suddenly declared bankruptcy. That was about 10 years ago. I still had that position with a $0 value on my account until last year. Then all of a sudden, the position was closed and I got paid $10k from some corporate action. That was the only explanation on the brokerage statement. Obviously, I didn't call to clarify :) But I am still curious what might have happened.

  • Some lawsuit was resolved, I'd bet. If you're in Argentina, Google it and tell us the results. – RonJohn Jan 16 at 7:42
  • Maybe, but I got paid 10x what I had lost. I am in the US. MGS was an ADR stock. – iggy Jan 23 at 23:07

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