On 13/06/15 14:51, Adrian wrote:
On Fri, 12 Jun 2015 18:37:04 +0100, dennis@home wrote:

Where is the short term gain from shutting a bankrupt company down?

Well, apart from it being illegal to trade whilst insolvent,

Unless you are a government...

it's the
best way to draw a line under the losses.

If its not bankrupt then you can keep getting dividends so why close it?

If it's not profitable, there's no profits to distribute.


In some cases you will get more from closing it and selling its assets
than you will get by running it.

And that's the other way the shareholders get decent returns - out of
selling their shares.

'Asset stripping' so called by lefty****s was in fact often a valid way
of recycling defunct businesses into new ones.


--
New Socialism consists essentially in being seen to have your heart in
the right place whilst your head is in the clouds and your hand is in
someone else's pocket.