### Comment:
the share is only worthless if you sell it while it’s worthless. An old shareholder can still hold on until their shares are worth more than they initially paid.

### REPLY:
not if they go bankrupt. The old shares go to 0 and new shares are issued when they resume business. People who owned GM shares before the crash saw them go to 0. The shares which trade now are not the same as the shares which traded then.

### END.