posted on January 23, 2003 04:58:03 PM new
Can anyone explain to me how the directors of K-Mart can simply depudiate the ownership of the company that is vested in the stockholders and re-issue new stock to new owners? Obviously there is value if only in the name and recognition of it by the public. If a company can continue to exist and simply dump you to the side and proceed on without you what is the incentive to ever buy stock again?
How does this any different from shoving a gun in someones face and walking off with their wallet?
posted on January 24, 2003 11:33:05 AM new
You buy stock and you become part owner. You go bankrupt you lose period. Bondholders (ie: people who lent money under conract to the owners) come first.
