King Juices, Inc. - Stock Certificate
Inv# GS6516 Stock
Stock printed by American Bank Note Company. Available in Green, Orange or Blue. Please specify color.
In the mid-1960s, King Resources Co. was part of the oil empire of the rich Denver businessman John M. King. In August 1971, the firm was forced into a bankruptcy proceeding that ranks among the largest and most time-consuming in history. Claims in excess of $4 billion were filed and ultimately resolved during a six-year proceeding.
Early in 1978, the federal bankruptcy court in Denver accepted the trustee's reorganization plan, and King Resources' successor emerged as Phoenix Resources Co. The new firm was fittingly named after the bird in Egyptian mythology that appeared every 500 years, consumed itself in fire and then was born anew, thereby achieving immortality. Read more at https://www.oklahoman.com/story/news/1982/06/27/views-split-on-phoenix-resources-merger/62880364007/
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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