Can anyone name a retailer BK in the last 25 years where common shareholders retained significant value afterward? Mine should be an easy question considering the hundreds of retailers that have gone BK.
It won’t go to 0.0001. There is no dilution to push it there. That only happens in penny stocks with floorless convertible debt. There is a point at which people just won’t sell as it is too little money returned. This will trade right up until the stock is cancelled. It might stay right around the price it is at now when that happens. Perhaps when Propco closes a few may see the writing in the wall and sell pushing it down a little further. Who knows.
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