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[quote user="PNWRMNM"] Sam,   IIRC the government appoints a majority of ATK's board. That places the government firmly in control, which seems to make the stock worthless, except possibly in liquidation. Do you concur? Mac McCulloch [/quote] The stock does not have any market value, but it may not be worthless. Amtrak had offered the shareholders 3 cents a share, although it claimed that the stock was worthless.  If it believed the stock was worthless, why did it offer the shareholders 3 cents?   As mentioned, if the report of the interested party is accurate, he may believe that the stock will increase in value rolling forward, i.e. Amtrak will have a change of heart and will offer more than 3 cents per share, or the stock has some speculative value. In the case of liquidation the common shareholders would have no standing. Liquidation is not likely to happen. However, if Amtrak were privatized, the stock may have some value.  I don't have enough information to know what is going on.
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