Nevada Copper Corp NEVDQ

Do the shareholders get a payout?

[Iceberg101]

$124m on 1400m shares is 8.857 cents per share. Does any of this go to the shareholders? Or do debt holders still need to get satisfied, or other costs get covered? So shareholders get less or nothing?

Likewise, many of the 1400m shares were warrents. So is there a reduced sharecount? Say to 1000m so that $124m works out to 12.4 cents per share?

So are there any good guesses on the cents-per-share payout, if any?

[KentWilkens]

In any corpoation, debts are paid first. Owners (shareholders) are the last on the list to be paid, dead last.

[cnynman]

There was over $500M in debt,plus all the accumulted legal and court fees since the proceeding began. The $128M will be gobbled up by the registered creditors, who will be fighting for scraps until nothing is left.   Be thankful that as a common shareholder you are not held liable for the remaining, unpaid debt.