Commodore Stock
18-May-95 23:40:22
Sb: #197302-Commodore Stock
Fm: Alex Baker 75606,563
To: Don Curtis/SYSOP 76703,4321
Since C= was liquidated, I believe there is no more ownership of anything
by the stockholders. Everything was handed over to the creditors due to
the inability to pay the debts.
The only value of the stock certificats, is as collectors items. There is
no more company for which those certificates hold ownership.
Somewhere there may be a C= shell. However the stockholders no longer
have any claim to that shell. Even as a shell C= is basically worthless,
as ESCOM appears to have bought the rights to use the name and trademarks
associated with the company. Therefore, even if you bought what was left
of Commodore, as a company, from the liquidators you couldn't sell
anything most places as a Commodore piece of merchandise, as ESCOM holds
the rights.
Think of it as having the registration to a vehicle. The loan fell
behind, and the vehicle was repossessed by the bank. The vehicle is then
auctioned off to the high bidder. You might still have a registration
slip to the car, but the title has been sold to somebody else, and they
are now driving the car.
If anybody is interested, I have 16,000 shares fo Datawave, an 80's penny
stock failure, that I might trade for some Commodore stock.