Post by
Fruckedagain on Apr 21, 2024 8:34am
So, Howhee's loan the followup PP
So the experts in the market are punishing SBM for Howhee's very cushy loan vs the follow up PP that is an embarrasment, but is a sign of the end of the road coming to. Plus the spinoff of the lab. Why does Howhee get the loan and interest? Simple:
Secured Creditors - often a bank, is paid first. Unsecured Creditors - such as banks, suppliers, and bondholders, have the next claim. Stockholders - owners of the company, have the last claim on assets and may not receive anything if the Secured and Unsecured Creditors' claims are not fully repaid.