4 ms·

Or, a result of the fact that there is now something to receive. Why waste everyone's time correcting stock accounting if the stock is effectively worthless?

• pdonis 10y ago
  > Why waste everyone's time correcting stock accounting if the stock is effectively worthless? If you know for sure that the stock is effectively worthless, obviously there's no point. If the stock might be effectively worthless, or might not, then there is a point: you are establishing your claim before its value is known. That puts you in a much better position to rebut accusations that you don't really have a valid claim but are trying to milk it for whatever you can.
  • infinite8s 10y ago
    There's no accusations to rebut. He either has a valid claim to that equity or he doesn't (as determined by a court of law, if it gets to that point).
    • pdonis 10y ago
      > There's no accusations to rebut. It certainly looks like there are in the court filing that sama's article links to.