Technically the stock holders still own the remaining shell, but with no assets of value left (the creditors and DOE and asset buyers took all the stuff any one wanted to satisfy debt, and they were still left with a huge unpaid debt. I do not see the shell emerging from BK. With no money, no assets left, just unpaid debt, and no one at the helm I just don't see anything but a zombie bounce going on.
I guess a creditor could take control in BK court, and try do so something with the shell, but would we not have heard about this???
I held onto zombies for 8 years that finally just disappeared. Some were Bank stocks and Public utilities from the 1980s that did massive belly flops, BIG ones worth Billions at one time. One was a Nuclear Power Utility, New Hampshire. One was Collecting Bank NA set up to deal with FDIC and FSLIC bank seized assets from bank closures. I used to get 500 page reports from the court on that mess. Never got a dime out of it. The lawyers bleed it dry of assets.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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