Yeah, they are diluting shares 5 to 1, so they are getting 80% of the AIG in newly printed pieces of paper.
If you owned AIG shares prior to that, congradulations, you just lost 80% of their worth.
Read my #10. I’m glad I only have 100 shares. I’ve got 5 or 6 individual stocks invested in and the rest are doing well. The rest of my portfolio is in indexes.
Sucks being a shareholder, eh? As far as you're concerned, this might as well be a bankruptcy.
On the other hand, shareholders and managers should feel the pain of the asinine investment strategies. You should bear the brunt of the loss.