Subtract all liabilities from hard assets (cash, inventory, facilities, etc...) and you have $360 million left over. Divide that by the 45 million shares outstanding, and it looks to me like the shareholders would get $8/share, minus attorneys' fees, in the event of a liquidation..... How can we possibly lose?
If I'm off-base here, please enlighten me.... Thanks
let me correct ur misconceptions. it is not always true that shareholders will be wiped in bk (i could site several examples for u if u wish). it is true that shareholders get wiped out in the majority of bk cases (underline majority not all). each case is different depending on assets and debt. also debtholders sometime through a bone to shareholders to avoid length bk challanges and speedup getting out of bk.