I own a little under 1% of shares in a company that just filed for bankruptcy protection under Chapter 11. I resigned my position but have about 60 days to pursue the stock per the shareholder agreement. This is a privately owned company that failed under current management and will very likely be snatched up by a competitor as a going concern.
2007-01-30 05:52:04 · 5 answers · asked by techmasterten 1 in Business & Finance ➔ Corporations
Aren't the options under water????
You do not exercise under water options.
2007-01-30 05:59:28 · answer #1 · answered by Lisa A 7 · 0⤊ 0⤋
Are you stupid or what? If they are not purchased then what- same people running the Titantic. They could go completely under in 60 days or less. If you are 10000000% sure a better competitor is buying then maybe some shares would be a profit to you. Weigh this carefully!
2007-01-30 13:59:36 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋
No, unless we're talking something like $50 as purchase price. Hopefully you have another job by now and should just move on.
2007-01-30 14:06:14 · answer #3 · answered by jim06744 5 · 0⤊ 0⤋
no way. they may pull through with new mgmt, but the current shareholders may only get pennies on the dollar.
2007-01-30 14:00:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I have some Enron Stock I can sell you
2007-01-30 13:56:42 · answer #5 · answered by god knows and sees else Yahoo 6 · 0⤊ 0⤋