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Old 06-22-2019, 01:47 PM
 
Location: Ohio
19,868 posts, read 14,217,545 times
Reputation: 16058

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Quote:
Originally Posted by Quietude View Post
The implications of this idiot are that weak companies have no right to exist and strong companies should... have some right to erase them.
No company has a right to exist.

The only right a company has is the opportunity to exist.

And contrary to your false beliefs, companies do have a right to erase them.

Any entity can purchase stocks. Once I gain 51% of the stock in your company, I own you.

If I want to force you into bankruptcy, that's my right under US bankruptcy law. It's called an involuntary petition. Any creditor or majority shareholder has the right to force a company into Chapter 7 Bankruptcy whether it wants to or not.

If you don't like it, then run your company right and I won't be able to afford to buy your stocks.
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Old 06-22-2019, 02:50 PM
 
Location: Aurora Denveralis
8,561 posts, read 3,001,676 times
Reputation: 12765
Quote:
Originally Posted by Mircea View Post
And contrary to your false beliefs, companies do have a right to erase them.
You mean erasure is allowed? Thank Cthulhu. Enough is enough. Bye.
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Old 06-23-2019, 11:15 PM
 
6,185 posts, read 6,355,356 times
Reputation: 2842
But they can use that loaned money from bank, to do something gimmicky, and make it seem like their company is worth a lot more, and then convince their friends over at the I-bank/private equity/hedgefund/mutual fund, etc etc, to take out another loan, or get some QE money, or some other financial gimmicky (like T-Bills) trick to print money out of thin air to buy zombie company, and pay themselves an enormous fee.

This way Wall Street always makes money.
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