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Bernie-UK

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Bernie-UK

Re: TenKay post# 134104

Wednesday, 12/17/2014 10:59:56 PM

Wednesday, December 17, 2014 10:59:56 PM

Post# of 137681
You hit the nail on the head. The stock is worthless in a transaction like this even if they had some IP. In a "normal" transaction, if a company fails like this it gets bought for a dollar and the new owners try to make something of it.

Any debt has to be honored but shareholders typically get diddly.
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