175: Jonathan Shapiro – Investigating and Exposing the Crafty Schemes of Public Companies
Chat With Traders
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The Delisting of Blue Skys
The company is in receivership this week and could be delisted. What happens to any investors or holders of that stock when it becomes delisted? You're just in line as a creditor. And some stage in the distant future, I think the receiver will say you as an equity holder in the business will get X cents in the dollar. It's most likely to be a zero. The interesting thing is just over a year ago, it had a very strong balance sheet.
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