I bought Teligent at $35.00±/share once. It rose to $50. Then Bill Gates pumped $500M into the company. It rose to $100. I had to buy new shirts to accomodate my new chest size
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Then, it fell. and fell. and fell. and fell. Then, it started falling. -snip- on Dec 31st of that year, I sold it all. For six cents per share. I sold it on the last day of the year so I would at least be able to write off the loss on my taxes. But, someone actually bought it at $.06/share. Who knows, maybe somebody found a hidden stash of paper clips behind a file cabinet which pushed it up to $.07/share. That's a 16% profit!
I mention this for two reasons. To illustrate that there is usually a buyer at any price. Hey, if someone bought ALL the shares at six cents, they would own ALL the assets of the company (following up on UT's observation). Well, maybe all Teligent's equipment, cars, computers, desks, chairs, a box of unopened golden handcuffs, etc. are worth more than ($.06)*(total number of shares).
The second reason I mention it is because I grow weary of hearing one after the other story (not here but IRL) of how Bob bought X and it tripled in 3 days, and Frank bought Y and it shot through the roof. No Body talks about how they bought a stock that later went on to rival a black hole from Stephen Hawking's worst nightmare for suckitude.