If you own 60% of a gold company you control the company and 60% of the gold company's assets belong to you IS CORRECT. I repeat IS CORRECT.
Example:
A gold company without any debt is voluntarily wound up. After meeting employee obligations and legals 60% of the value obtained for the gold company is returned to the 60% shareholder.
10% of the value obtained for the gold company is returned to the 10% shareholder.
1% of the value obtained for the gold company is returned to the 1% shareholder and so on...
It's amazing imo how some people seem to twist facts.
Add to My Watchlist
What is My Watchlist?