BB Liquidating Inc. (BLIAQ)

[eddy2]

You got it sort of right, All debt has to have collateral and once that is used up what remains belongs to share holders. Now true as you say for the collateral the share holders put up only 40% will be retrieved back as there was 60% paid back out of revenue that would equate to a 100% of the debt being paid.


Now sure the 60% is spent but it was spent out of revenue and was an expense and being it came from revenue that plus the 40% would mean a 100% return for shareholders.


Now the revenue it was created by the selling of over priced shares so one could say that it was a loss but as they say buyer beware.