Mayflower was recommended by both investors chronicle last October and Shares Mag as a Buy at approx 20p Price is now 12.5p with last years div at 2.25p anyone think shares have been sold to low and a buying opportunity exists before results come in april (Bad news of 2 profit warnings already in price!)

They go into limbo until the company is either wound up or the admistrators manage to bring the campany back from the brink.

If the company is wound up you loose the lot as shareholders are so far down the chain of creditors there is usually nothing left for them.

If they they do manage to put together a plan to rescue the company the shareholders may be asked to vote on the plan of reorganisation, although you probably wont get the full value of your investment back and in lots of cases shareholders don't get anything back at all, and they don't even get to vote on the plan

http://news.independent.co.uk/business/news/story.jsp?story=508118

Mayflower enters administration
http://news.bbc.co.uk/1/hi/business/3587705.stm
Earlier this week, Mayflower's market value fell by a third when a 20m black hole was found in its accounts.