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<p>[QUOTE=&quot;medoraman, post: 1338875, member: 26302&quot;]Sorry but that is completely wrong. A par value is NOT the only claim of stock on a firm, absent any higher claim, (like debt), the stock has a TOTAL claim on the firm. Common stock is legally the residual claim, but absent higher claims, it is the ONLY claim. There IS NO other owner but the stock holder, so by definition the stock holders own EVERYTHING. Par is completely and utterly irrelevant, so much so it is never even mentioned by investment professionals. It is an archaic relic useless in today&#039;s business.</p><p><br /></p><p>Ok, now knowing that the stock is the only ownership of this company, what is the value of it?[/QUOTE]</p><p><br /></p>

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