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To: srmanuel

92.86% Shares Held by Institutions
https://finance.yahoo.com/quote/PCG/holders


33 posted on 11/02/2019 6:42:43 AM PDT by HangnJudge (Kipling was right about Humanity)
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To: HangnJudge

In bankruptcy, debt will almost always take priority...meaning current stockholder will get wiped out and the debt holders will get paid with newly issued stock. If the company remains a going concern...

The people who hold the hold the debt will likely also take a real haircut because if the State of California takes over they will only pay a few cents on the dollar....

Bottom line , current stockholders will get wiped out, current bond holders will take a big haircut and the citizens of California will get a state run/owned utility company...


36 posted on 11/02/2019 7:02:48 AM PDT by srmanuel
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