"Securities Laws separate public shareholders from the company so that public shareholders can never be held responsible for the company's actions, and neither can they demand anything from the company if the stock is either revoked or cancelled if there is a bankruptcy."
So, IMHO, you can not separate equity unless BK even if it does become a private company. And, Scorp and LLC(LIMITED LIABILITY corporation) that are private company structures that have the "corporate veil" that protects these stockholders from being pursued for debts within the company. So, not sure what you are saying about all of a sudden those stockholders becoming liable. Especially considering a revoked public stock situation. The cusip you refer to still deliniates equity ownership unless the stock is canceled in A BK.
If what you are saying was true, then you would have companies left and right that had great value stop reporting, get to a point where they were revoked so they then could just get rid of their equity holders and then reverse merge into a public shell and reissue all over again and take all that new capital generated. That just does not make logical sense from a moral or legal standpoint without a BK and would seem to be a slam dunk for a shareholder lawsuit if in fact the company ended up to have great worth hidden inside of it. You actually said it in your statement above.
Finally, one thing I will note is that IMHO as just a small joe schmo investor is that you are a TRUE EXPERT in trading grey market revoked stocks. And, Ihub is a venue for investors. So, I am guessing based on your 13 boards moderated and thousands of posts that you do not waste your time going on boards like Arcadia just to be nice. Ultimately, we are all here to make a buck. And I do not really understand why you would all of a sudden come here and do all this posting unless you in some way saw an opportunity or benefit to you personally in doing so as an investor. That is what Ihub is all about. Since you can no longer short a grey market stock I guess that really only leaves one other option with the tone of your posts.
