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Re:Why Amazon Has No Profits and Why It Works by dragonwriter on Monday September 08, 2014 @01:41PM (#8286116)
Its one of those things that's important to understanding the meaning/value of stock, but easy to lose track of in practical terms because, in practice, you almost never see a corporation dissolved in circumtances where the stockholders would see any value, because dissolution, if it happens, usually happens in insolvency, so creditors, with their higher priority claims, leave nothing for stockholders.

But that's because as long as a corporation is solvent, stockholders either expect that it will have greater net value in the future or can find someone else who thinks that, making holding or selling the stock preferable to dissolution. But its the claim against assets in the event of dissolution that supports all that.

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