Post
Topic
Board Securities
Re: NEO and BEE talk (unmoderated)
by
freedomno1
on 06/04/2014, 09:07:40 UTC
And anyone with 320 btc can take control of the company.
320 btc just buys you the dividends, and only about 1/2 of the pubic shares.

And yesterday, you could have bought all of that for less than 100 btc.

Well a Q rating means that if someone takes over the reigns they could easily erase the old shares structure so it is a risk
https://www.sec.gov/answers/qadded.htm

When a company is involved in bankruptcy proceedings, the letter "Q" is added to the end of the company's stock ticker symbol. In most cases, when a company emerges from bankruptcy, the reorganization plan will cancel the existing equity stock and the old shares will be worthless. Given that risk, before purchasing stock in a bankrupt company, investors should read the company's proposed plan of reorganization. For more information about the impact of bankruptcy proceedings on securities, please read our online publication, Corporate Bankruptcy.