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Question of the Day!	by kickstart	2006-11-19 12:23:33
Sell it all, and invest in Worldcom!	by adiplomat	2002-07-24 00:45:39
Slight flaw in that plan	by abb3w	2006-11-19 12:55:59
This presumes that current shareholders will get any value. In this sort of case, the bondholders may be decided to have the primary interest in the company, and get their bonds repaid with stock in the new reorganized company. "The chances of common stock holders in a bankrupt company emerging with anything when the process is over are the same as the chances of the Milwaukee County Board being filled with intelligent, thoughtful, selfless statesmen concerned only with serving the public. Which is to say, while both are possible, neither is likely." (Fastest concise article on the subject I could find.) A friend of mine got suprised by this when 20000 shares he bought in a company went to zero. Fortunately for him, he only lost $500.
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I remember in the early 80's when	by breezeblock	2002-07-24 06:38:27

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