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Bullboard - Stock Discussion Forum Sunniva Inc SNNVF

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Sunniva Inc. is a Canada-based company. The Company is not engaged in any business.

GREY:SNNVF - Post Discussion

Sunniva Inc > If they go bankrupt do we loose all our shares anybody ever
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Post by Troysthatguy on Nov 27, 2019 11:04am

If they go bankrupt do we loose all our shares anybody ever

experience this before?
Comment by Buyindip on Nov 27, 2019 11:09am
No you will not loose your shares.. You can keep those shares but they will be worth 0.0001$ and no where to sell them If you remember NORTEL..  
Comment by sovy888 on Nov 27, 2019 11:13am
it's very simple math...if the company is worth $0 than the shares of the company are worth $0 if they file for bankruptcy the courts have to decide the order of payouts, if they have any money in the bank  or any assets left...i think share holders are last to get paid, first they have to pay all the compamies to whom they owe money...just my opinion...not sure since I'm not a lawyer
Comment by Buyindip on Nov 27, 2019 11:15am
you are right in a sense. Creditors come before Shareholders.. After all is paid and cleared including salaries and lawyers.. shareholders get paid.
Sunniva Inc
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