DigitalTown, Inc. (DGTW)

[Oracle]

Shareholders own the company, they are the ones who filed with the Court for the bankruptcy.

Shareholders, when they buy in, buy a % of company debt with each share, and by doing so, agree to be responsible for that debt. Shareholders voting for a bankruptcy means the company they own can't pay those bills and they want to trade in and liquidate their equity in exchange for "debt forgiveness," protection from having to pay creditors. You trade 100% of your shares value in exchange for 100% debt forgiveness, it's that simple.

Bankruptcy is merely the Court giving shareholders what they voted for. Nothing about it should be a shock.

Shareholders are not being ambushed by a bankruptcy, creditors are. Hope this provides insight.

Happy trading!