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Pastimes : Where the GIT's are going
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To: sandintoes who wrote (172707)1/11/2009 9:46:36 PM
From: stock leader  Read Replies (1) of 225578
 
well here's a basic business law lesson:

Who gets paid first in the liquidation of public companies?

1) creditors/employees
2) bond holders
3) preferred stock holders
and lastly 4) common stock holders

well in NSTR case you have $70 mill cash and only about $15 mill in creditors/shutdown costs with remainder going to common shareholders.
NSTR has no debt or preferred stock.

now in the far majority of liquidations, usually all money goes to creditors/bond holders and nothing left for common shareholders. ie, lehman, enron, etc
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