Quote:
Originally Posted by Canehdianman
I think what is fundamentally messed up is your understanding of how bankruptcy works.
Shareholders only get assets that are left after all liabilities are paid off. In cases of bankruptcy, this is generally zero, or close to it.
|
Yup - the news has tried to spin it as the shareholders took all the money by saying so many millions of dollars were paid to shareholders through dividends over the past several years, but in reality the shareholders get zero from bankruptcy as the company is well underwater.