As with the first case, Bambino faces another loss.Meanwhile Bambino and the banks face a threat that could make their shares worthless.
Flag shares would never again trade for as much as $6 a share, and yesterday, with the company in bankruptcy proceedings that are expected to end with the shares worthless, they closed at two-tenths of a penny.
Q. Are any current stockholder's shares worthless?
Many lost most of their savings as bankruptcy left their shares worthless.
Those G.M. Shares Q. Are any current stockholder's shares worthless?
The shareholders want the British and French governments to bail out the company, but their action is more likely to ensure that the banks move in to take over the tunnel -- which will make their shares worthless.
Home-owners may be making a similar mistake today.It is often argued that property is a much safer investment than shares because a share is just a (possibly worthless) piece of paper, whereas bricks and mortar are something tangible.
Railtrack shareholders are to get 245-255p a share, below 280p when trading was suspended, but better than if Railtrack remained in administration where shares would be worthless.
After all, that chair didn't tilt, lumbarize, or offer me a thousand worthless shares in a dumb startup.
He was what's called a stock promoter — someone who takes shares in a worthless company, inflates their price by means of chicanery and hype, and then dumps them before the price collapses.
