The tired, old, "The way it WAS is the way it SHALL ALWAYS BE" logic! Let's not take into account any of the things that will be TOTALLY DIFFERENT post bk! These are only SOME:
1) Under competent financial management (AUCTUS)
2) No debt (zero, nada, ikke noe) AMOUNT OF DEBT? $000.00
3) Intellectual property has developed, gained patents since... THEREFORE, WORTH MORE!
4) Relatively unknown before... MUCH KNOWN NOW!
5) Lessons learned, business plan developed. I myself declared business and personal bk once. Mistakes I made and learned from have served me to this day, over 20 years later, saving me from mistakes that would have cost be tens of thousands of $$$$$. Mistakes I made and learned from helped me set a course for success and protected me from temptations to stray into paths of profitlessness. This post-bk company WILL NOT BE THE SAME COMPANY, financially or practically, as the one that went in!
And so these facts are conveniently left out of the "logic" you present, as if the company which emerges from bankruptcy with common shares intact will be exactly the same company as went in. IT WILL NOT BE!
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