@waldo1Do yourself a favour mate. Your not too old to learn.......

@waldo1
Do yourself a favour mate. Your not too old to learn.... EVER IMO.... unless you're not willing to learn.

If you're not willing to learn from someone else, at least do some research before mouthing off like a complete Muppet.

BTW, in your "oversimplified" example, the assets would be sold. The 400 shares worth $10 would be sold for $10 and the $10 of widgets might get, say $2. This is $12.... not the illogical $1 that you proposed. The liabilities could be any number, and that number has no impact on the value of the assets.

Insolvent companies don't get sold mate. The assets get sold, the professional fees and expenses are paid and, if there's any funds left, they are distributed in accordance with the Law.

I didn't set out to belittle you mate but you have done a good job of belittling yourself. Sorry for trying to offer you some free knowledge.

Goodnight Waldo. You have no idea mate.