Replies to post #96322 on Decision Diagnostics Corp (DECN)

[IPwatcher]

It would be sold.
The question is at what $.

Agreed, it (or any assets) would be sold. By liquidators
The question is then whether the proceeds of the sale would even cover the costs of the receivership? And whether there would be any money left over for the other creditors.

My guess is a receiver would sell the assets to e.g. the Bio Co or some other creditor for a consideration of $1.

You DO KNOW where shareholders rank in the distribution of assets during an insolvency event I take it!?
HINT: Its not near the top.

$700 may be chump change, but that is the last you would ever see of it, were you to invest it in DECN ordinary shares!

Now... if you dropped a $20 bill on the side walk would you stop to pick it up?
Because I know I would.
And so would John D Rockefeller!
Think about it for a second!
All of those $20 bills start to add up after a while, especialy once you allow for the effect of compound interest!