Monaco Coach in Trouble!

[chargePlus]

Well, what do you think their chances are.  They are trading at $0.06/share.  A thousand dollars will buy you almost 17,000 shares.  At least a couple of these companies will come back someday and make a few millionaires in the process.

Or you could lose $1000 as the company goes belly up. Not good. My guess is that they will shortly receive their de-listing notice, and perhaps trade on the pink sheets until they file for bankruptcy.

And while you may be able to buy up shares on the cheap, make sure it's money you can throw away. And, if you are going to throw it away, why not throw it my way?    I can always use more money.

- John

[BG6]

Well, what do you think their chances are.  They are trading at $0.06/share.  A thousand dollars will buy you almost 17,000 shares.  At least a couple of these companies will come back someday and make a few millionaires in the process.

Or you could lose $1000 as the company goes belly up. Not good. My guess is that they will shortly receive their de-listing notice, and perhaps trade on the pink sheets until they file for bankruptcy.

At the same time, you might be able to take your payment "in kind" from the bankruptcy, getting physical assets instead of cash.  This can be very worthwhile, but you never know what options there will be until it's too late to change your mind about buying in.

[ktmossman]

If they are nearing bankruptcy with no buyer in sight, they have massive debt and  nowhere near enough assets to cover it.  A late-comer with a $1000 claim is almost guaranteed to be at the end of the line when a bankruptcy judge starts dispersing assets and payments to debtors, plus you would be out the costs associated with filing a legal claim in the bankruptcy court.

In fact, the more I think about it, I'm not sure if shareholders can even make a debtor claim in a bankruptcy.... I have some worthless stock from a company I used to work for, and they are about to go under.  Hmmmm.....

[luvrbus]

I would not go buy stock thinking you can collect on the assets, I just went through this and a judge told me this 
Stockholders are not accountable for the liabilities of the co therefore if the assets are not more than the liabilities you have no equity value in the co.I have a bargain on some stock if anybody is interested