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Re: TheGreatSwami post# 4692

Tuesday, 01/19/2016 4:43:41 PM

Tuesday, January 19, 2016 4:43:41 PM

Post# of 42555
The number of shares is irrelevant when the underlying corporation has zero fundamental value and is in bankruptcy which will, at best, result in cancellation of the commons, and most likely will convert into the Chapt 7 liquidation just as the prior management (Herb Cross and the prior BOD) had planned.

1.2 million shares of ZERO is worth as much as 1.2 BILLION shares of that same ZERO.

One can cut that ZERO into as many pieces as one wishes and each slice will remain worth exactly ZERO based on the lack of any underlying fundamental value or net assets (net of debt).