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Hey, is it just me?------ But how does a company with, how much in the bank? 3$$$ billion? 4? And now, with it's stock on the rise, at what, $7.00 a share? -------- Now explan to me! How can that same Company legally be in B/K??? ------ Is it just me?? Or is something wrong with this picture???
Isn't that the point of this thread? In this case, the equity holders shares are "not" worthless! In fact, they are appreciating!------ Doesn't sound like a B/K company to me!When a company files for bankruptcy equity holders are almost always taken to the cleaners and their shares become worthless. As for their balance in the bank, that isn't directly correlated to the stock price per se. An efficient capital market should have asset prices that reflect the fundamentals and publicly available information but that isn't necessarily the case.
This article may be a useful read: http://www.businessw...30047133608.htm
Josh
Because they owed more than they had in the bank.
Isn't that the point of this thread? In this case, the equity holders shares are "not" worthless! In fact, they are appreciating!------ Doesn't sound like a B/K company to me!
Hey! I got it!!! -------- Maybe they should ask for a Government bailout!!!!------ I'm sure Obama and Co. would be more than happy to accommodate them!!! After all, that seems to be the answeer to everything these days! Let the Government fix it!!! ------- Well hange on to your shorts! They just might try to!----- If you let them!!!------- God help us!!!Its a scam being lead by Judge Lane. They all should be in Prison.