What are the risks of joint-stock system?

1. When the company is dissolved, the shareholders holding ordinary shares will be the last ones to get compensation or not.

2. Common shareholders may not get dividends, which depends on the company's decision.

3. The stock holder shall bear the risk of stock price fluctuation.

4. For the company's decision-makers, the implementation of joint-stock system by public limited companies may lead to the acquisition of the company by outsiders.