Replies to post #16459 on Sears Holdings Corp. (fka SHLDQ)

[I-Man]

The as I said it would be like what YRCW did few years ago, or even what COT Group did calling in Carl Icahn few years ago or GM, etc.. In any rate, all shareholders wiped out to eliminate that amount of liability/responsibility off books. They can halt stock, rename it, or reissue new stock after a waiting period on the exchange, but either way "old stock" is worthless in either case...

I have ridden through them all. I am also having to take years/decades even to be able to write off my losses too which is fkd up. Corps get out of criminality and execs get enriched, but public shareholders get screwed everytime !! Investors are only allowed $3,000.00 in any year to write off as losses on an investment under IRS rules...