babcock shareholders to be wiped out, page-27

Well I thought Zombies only were a fantasy, now I can tell my kids and grandkids that I actually once saw one.

So the banks will let the company pay the exec's to sell of the assets and repay their debt, handy, while the common shareholders take it up the @@@@ like a chook!!

I don't totally know tax law, but my understanding is that until we shareholders can bury the corpse, we cannot claim the losses on our tax? I guess I will hear this from my accountant at tax time this year, but in the meantime any suggestions? Mop.

PS. the sentiment should read NUMB!!