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What happens to the cash of a closed public corp?

Topics: Problems: What happens to the cash of a closed public corp?

Aries

Wednesday, December 18, 2013 - 01:16 pm Click here to edit this post
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 Click here to edit this post
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 Click here to edit this post
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 Click here to edit this post
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.


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