CompuServe Messages

Jerry, Well..I suppose in a technical sense…you're right. I don't dabble in the stock market, so don't know all the technical terms. I just know that when a company wants to raise capital, they (among other things) issue stock certificates. In exchange, the buyers of the stock certificates (stockholders)…get a piece of the company. And since when you sell a company off…the profit (if any) from the sale goes to the owners (shareholders) since the owners…own the assets. Of course, secured creditors…get first dibs at any cash from the sale of assets. And while I suppose, at the end of all this, there will still be a certificate of incorporation somewhere saying there's a corporate entity called Commodore International, and that any stockholders would be owners of that entity…since it would have no assets (or debts I presume as a result of the bankruptcy) it would have no more value than a closed bank account. Don