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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.37-0.9%3:59 PM EST
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To: GST who wrote (131926)9/27/2001 2:34:50 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
"of which current shareholders might end up owning 0-20%" Why would they get anything at all? Would the parties whose ox is being gored -- ie. lessors of warehouses -- not demand that the shareholders be stripped of anything of economic value?


GST,

Shareholds of common equity will receive nothing. First in line will be the attorneys. The next is the Landlords of the DCs and finally the remainder will go to the vendors. If some bizzare situation occurs in which after the vendors are paid and there is still something left over, that will go to the first zero coupon bondholders.
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