Mudcat Café message #1853303 The Mudcat Café TM
Thread #95324   Message #1853303
Posted By: Liz the Squeak
08-Oct-06 - 11:30 AM
Thread Name: Tower Records - to be liquidated (and rise again)
Subject: RE: Tower Records - to be liquidated
I'm presuming you mean 'put into liquidation' rather than 'being liquidated' which means something entirely different here....

'Put into liquidation' is when a failing company is taken over by an official receiver and its assets sold off to pay the debts...

'Liquidated' usually means being taken out (rubbed out, finished off, wasted, taken down, snuffed, topped, murdered, killed) in a professional and emotionless manner...

Actually... not really that much difference.

If their debts are massive, then selling stock at stupidly low prices isn't going to help them out at all. If you ever get the urge to go to a 'bankrupt stock' sale, check out the financial position first. The bigger the debt, the less likely there are to be bargains.