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To: Thehammer who wrote (314471)11/3/2021 4:19:51 PM
From: DMaA2 Recommendations

Recommended By
Honey_Bee
Thehammer

  Read Replies (1) | Respond to of 456378
 
Purely hypothetical mind experiment. I have seen companies with higher cash reserves than market cap. Seems like a conundrum to me - a public company with no share holders.



To: Thehammer who wrote (314471)11/3/2021 8:37:40 PM
From: GUNSNGOLD1 Recommendation

Recommended By
Honey_Bee

  Read Replies (2) | Respond to of 456378
 
The simplest answer is it becomes treasury stock.

I think he was asking who owns the company. In this case, the who is the Corporation (an artificial person) owns it but it is still controlled by the BOD and management.

It didn't go private it just doesn't trade anymore.

To go private will require SEC filings once the company reacquires all outstanding stock and it is in the treasury.

G-n-G


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