So to think about it in another hypothetical way is that KQ shares are worth negative -4 shillings. Of course no one will ask u to pay the 4 shillings coz its a limited.

It also means until that time KQ accumulates shareholders funds worth 6 billion. If the firm is dissolved shareholders will get nothing. How long do you Wazuans think it will take KQ to accumulate 6B considering even making a profit over the last few years is hard. If someday it recovers the long termers will reap. But it's too risky a play

I expected 9-11bn loss. A 30bn loss was not in my realm of possibility.

Too bad in Kenya we don't prosecute anyone. We will perhaps reward them with a governor's post. However my take is that these guys better be careful what they do. Stealing from public coffers is not the same as freezing a company. While in a public entity the loss is shared among the entire population which absorbs the degree of anger,this is different if a guy I hired swindles me in broad day light. He may bribe the judge but some private shareholder who looses their life savings may be pushed to the limit and decide to act. If a head or some balls goes missing msiulize. Chungeni sana kina....

What happens when a company is placed under receivership like what happened to Uchumi? Will your shares be intact when it comes back trading 2 years later?

May be this is some kind of "book value" loss, its not actual cheda lost..25B is too much to be a loss for the company of that size.
Wacha tungoje arm chair analyst waendelee kuanlayze numbers. Numbers though may lie.