1manband
2 weeks ago
Yes, they can. But that is meaningless for the shareholders in regards to the value of the stock. The stock is going to zero, guaranteed. It will be cancelled under Chapter 7 with no payments to shareholders.
Even if any lawsuit against the Board is successful, it won't generate any funds for shareholders. The money would go towards making the creditors whole, and that is a massive nut to crack. The liquidation of the assets will bring pennies, and they need dollars to satisfy all of their liabilities and debt. Only after creditors receive 100% of what they are owed will shareholders get what is left, and that will not happen here. But even if it did and any lawsuit was successful and magically found enough money to pay off all the creditors in full AND provide additional money for shareholders, that money would be paid to shareholders as of the date of the malfeasance, not shareholders as of the final liquidation of the assets. In other words, it doesn't matter if a person owns the stock from this point forward or not. Buying the stock now would not get a person into the lawsuit - that has passed.
Invest-in-America
3 months ago
CSSE: And NOW, of course, see present 'CHART' below!!!
"Hey, Invest, where-the-fluck did my CSSE shares go???!!! And, by the way, I did NOT enjoy that CSSE CHICKEN Chow you fed me for breakfast, either, Human Being Clown!!!"
Invest-in-America
3 months ago
CSSE: It appears that you were CORRECTO-MUNDO, Homeboy!!! (Hey, TripN, see below right now what my San Diego Lady Friend has to say about our little CSSE play today!!!)
"Hey, Trip-Nik, ya wanna help us SHORT-SQUEEZE this little CSSE puppy today, Homeboy???!!!"
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////