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So common stocks do not have any claims on the bank balances of a company. I'm not defending crypto but your assertion is not wholly correct. Ostensibly you a
by boringg 5y ago
So common stocks do not have any claims on the bank balances of a company. I'm not defending crypto but your assertion is not wholly correct. Ostensibly you are the very last in line of creditors to claim any assets if the company goes bankrupt but you will get very little to nothing .. pennies on the dollar if anything.
Stocks give you voting rights at the AGM and a claim on future profits through stock appreciation or dividends if the company decides to issue dividends.
- rojeee 5y agoCommon units _do_ have a claim on the bank balance of a company in the case it winds up. It’s just that employees, bond holders and preference share holders get paid first.