nascar24
join:2000-12-20
Sterling Heights, MI
| What happened to the other thread from today?? Some guy on here had just put his life savings into them in the last few weeks and he was very happy they were going up and he was making money and now he is left with Nothing just that quick! Several hours later! Anything internet right now is a toss up I had thought about putting a few dollars into them myself but this kind of stuff makes me stay away from the stock market.
[text was edited by author 2001-01-16 21:41:19] |
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bmk57
join:2000-08-28
New York, NY | Lets all hope he catches this thread before the opening bell tomorrow. |
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 justinAustralian
join:1999-05-28
New York, NY
kudos:7
IPv6
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| reply to nascar24
Stock could be worth nothing: if there is an eventual fire sale, the corporate bond holders get first dibs on the proceeds and the stockholders get nothing.
However, if they are acquired or come out of Chapter 11 with a partner, the equity could still have some value.. who knows.. one thing for sure, NP management probably have a strong self-interest to protect here, as they all must be very long NPNT stock  Its not going back to $10, but it might come out the other end worth a buck. |
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| reply to nascar24
Well, that's the price of poker. Or, that's evolution in action. Or, a fool and his money are soon parted. Yawn. He sounds like these morons out here in Sun City. Year after year they are warned about scam artists, and year after year they are taken because of their own greed and/or stupidity. Can't pity them, just mourn that they already passed on all those 'moron' genes.
Life savings in NorthPoint. Snort. |
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 JestocostThe Poodle Bites.
join:2000-10-19
Saint Louis, MO | reply to justin
It's also not uncommon for management to broker bonus deals tied to the return (cents on the dollar) provided to creditors and equity holders through the bankruptcy proceedings. This can help these poor folks soothe the sting of seeing stock they got at a discount (or for free) become worthless!
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"Watch out where the huskies go and don't you eat that yellow snow." -- FZ |
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