POH 0.00% 0.0¢ progress 2023-2 trust

Existing holders are now carrying an essentially worthless...

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  1. 4,526 Posts.
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    Existing holders are now carrying an essentially worthless stock. I can't see how the company can avoid bankruptcy and a consequent sale of all assets at an enormous discount. It would take a miracle for anyone to realize a penny for whatever the size of their holding. All existing share holdings will have no value whatever on the other side of a bankruptcy proceeding. Even under a CR scenario, a CR at a tenth of a cent per share, even if they could get that much would dilute existing holdings down to homeopathic levels.

    This is the end of the POH saga, ladies and gents.
 
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