> But owning shares mean owning a part of a company? Does that mean that when a company’s shares are invalidated, then the company is now worth zero, and anybod

> But owning shares mean owning a part of a company? Does that mean that when a company’s shares are invalidated, then the company is now worth zero, and anybody can buy it for a penny? Are the owners forced to sell everything for a penny, or they are allowed to choose, when to sell and at what price? In real life, bankruptcy usually ends up essentially invalidating the shares of a company. Depending on the method of bankruptcy, the company continues to exist, but the owners of the existing shares loose any claim to anything. If "invalidate stock shares" of a public company became some kind of sanction for improper behavior, it would probably be coupled with some kind of process to transfer ownership? Invalidating all shares in a company without further process to reallocate ownership is an interesting hypothetical. I suppose the organization would become something like abandoned property and escheat to the government.