In your example, he got paid because he was a debtor, the fact that he was also a stockholder had no bearing. You can own both stocks and bonds but the debt holders always get paid before the stockholders get anything. That's in the bankruptcy laws.
Not true. It depends on the legal agreements within the company.
Last edited by RED; 07-16-2012 at 06:49.
How come it is always too something... Too hot, too cold, too soon, too late, too much, too little, too deep, too shallow, but always "too" something.