GREY:FASDF - Post by User
Post by
calderneton Jan 26, 2017 9:42am
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Post# 25757465
"Shareholders pretty low on the totem pole"
"Shareholders pretty low on the totem pole""...purchase certain assets..." reads the news release.
I worked for a company once that sold all its assets to some holding company, but none of its liabilities....my stock options disappeared, a number of lawsuits were filed and the landlord (and others) got screwed.
...and then I lost about $1000 on Allen Vanguard when it went private "with no consideration paid to shareholders" (or whatever the phrase they used was. https://www.theglobeandmail.com/report-on-business/allen-vanguard-regrets-deal-means-shareholders-get-nothing/article4288230/
Good luck folks...nothing to do but wait at this point.