What does that matter in a BK?Fact is the commons are the last to get paid and if the debt is greater than the assets the commons are worthless.If they keep the company intact they will probably issue a brand new stock.Thats how it works by law.Not that it matters but if being a preferred vendor for Netflix is such a big deal why the BK.Have you read the last 10Q?It will give you a better idea of where this company actually stands and why it's in BK.This is almost like SOUPQ where there was DIP financing also and creditors who owned over 50% of the stock but it didn't matter in the end.
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