Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches
Comment on Water firms ask for bill rises of between 24% and 91%
thr0w4w4y2@sh.itjust.works 5 months agoyes that would be awesome, but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout, plus “service all the debt the company is in” which is another bailout, before you’ve even got started with fixing the horrible lack of investment over many years
ephemeral_gibbon@aussie.zone 5 months ago
thr0w4w4y2@sh.itjust.works 5 months ago
I’d be happy if that happened.
IchNichtenLichten@lemmy.world 5 months ago
The shares would be almost worthless.
Nope, the company would be wound up.