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BearcatJohnnie

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BearcatJohnnie

Re: hondaboost post# 23349

Monday, 07/30/2018 12:18:06 AM

Monday, July 30, 2018 12:18:06 AM

Post# of 145005
Wrong. The value of the stock is assumed to be zero due to normal bankruptcy insolvency situations. But not necessarily zero value in a buyout if all other debts are readily paid. The leftover equity still belongs to shareholders by definition of shareholders. If they don’t issue new shares in exchange for debt and it is a cash buyout (what this ccaa arrangement looks like to me) then leftover equity is still owned by preferred and then common stock
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