OTCPK:TOUBF - Post by User
Comment by
draxteron Mar 30, 2012 4:16pm
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Post# 19740870
RE: RE: Pardon my Ignorance
RE: RE: Pardon my Ignorance The math is simple...The debt value is higher than the value that someone will pay for the assets. Bond holders get whatever is left over first, and that is not going to be 100% of what they are owed, hence shareholders get nothing. Only one exception is RequiemD who gets somewhere between $14 and $2000 per share depending on what time of the month it is.