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Re: foodley post# 3496

Monday, 02/09/2015 6:47:00 AM

Monday, February 09, 2015 6:47:00 AM

Post# of 4256
The most likely explanation that it takes money to properly shut down. You can't just walk away. Bankruptcy takes money and lawyers and more money to accomplish. Dissolution isn't always an option as that would require settling state taxes which means more money. So it is much easier to keep the corporate structure in place, just held in limbo. Because of that, the stock still gets traded as long someone is willing to facilitate it and someone is interested in buying it. ( watch Wolf of Wall Street ).