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Post# of 30990
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1manband

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1manband

Re: Value_Investor post# 30089

Wednesday, 02/05/2020 4:34:49 PM

Wednesday, February 05, 2020 4:34:49 PM

Post# of 30990
There is no such thing as a "Chapter 7 shell"! Chapter 7 is automatic liquidation and the equity has no value post-liquidation. That equity is worthless and is not a shell.

That is the LAW. Claiming equity in a Chapter 7 liquidated company has any value of any kind is absolutely flat-out incorrect.

Anyone holding such shares will lose 100% of their investment when the shares are cancelled.
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