| Aries | Wednesday, December 18, 2013 - 01:16 pm 
I have tried to keep an eye on what happens to the cash of a closed public corp. For private or state corps, it appears whether the corp is closed or destroyed that the cash returns to the owner. For public corps, it appears the cash is lost.
If true, this is very damaging for shareholders of these corps where the value of the corp generally far exceeds the cash on hand. This means that shareholders already stand to lose considerable value due to earthquake or simply the owner's decision to close the corp. However, if even the cash is not distributed to shareholders the loss is total.
Can this be looked into please? |
| Andy | Thursday, December 19, 2013 - 04:52 pm
When a public corporation is closed for any reason, all its cash is of course distrubuted between the shareholder.
Some could be investment funds and they receive their part too.
this is how it works from the day public corporations are part of the game. |
| claude balls | Friday, January 17, 2014 - 03:07 am
Andy, could you please explain in more detail where this cash turns up?
I recently closed a few corps all of which had good cash levels through my CEO and have seen no cash turn up in my balance. |
| Antikythera | Sunday, March 9, 2014 - 09:22 am
yes some clarification would be appreciated. I closed several corps.
2 were split between my two countries investment funds and my enterprise (approx 40%/40%/20%).
3 were partially owned by my enterprise (75%, 66% and 26%)
on closure the 100B - 150B in each corp seems to have not been added to any of my balance sheets. |
| neutralsc | Monday, September 20, 2021 - 04:18 pm
old topic nvm. |
| Andy | Friday, December 31, 2021 - 05:28 pm
Haha
very old but unanswered.
I will explain anyway.
In all cases, when a corporation closes, debt is paid, products are sold and the remaining cash goes to the owner(s).
The process can take some time.
In state corporations, the country is the owner.
CEO owned corporations, the cash goes to the enterprise.
Public corporations, the cash is going to the share holders, countries enterprises and investment funds.
This is unchanged for quite some years. |
