Replies to post #5675 on Patriot Coal Corporation (fka PCXCQ)

[sambeaux]

99 OUT OF 100 regular old honest Americans would
say that the stockholders are (SUPPOSED TO BE)
the most important people in a company.
If nobody bought stock.. 90% of American
companies would not exist.
Why doesn't it work that way? Why do
"they" often get away with obliterating
the stock?
Because "they" can.
Just about the only time most Americans
find out that their stock can be stolen
from them is when their company goes
bankrupt.
Pete:
"Hey my company is out of BK! BUT WHERE
IS MY STOCK THAT I BOUGHT AND PAID FOR?"
Broker:
"Sorry Pete, the courts and company hqtrs
told us to throw you stock in the garbage can."