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RealDutch

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RealDutch

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Re: Redbull84 post# 136806

Thursday, 05/03/2018 4:29:13 AM

Thursday, May 03, 2018 4:29:13 AM

Post# of 163718

If it comes down to liquidate the company, ECAB would be the first ones getting paid.



This isn't true. There is no-one owning a special class of securities that gives them more rights. They never did (bond) and they do not now. It's all common stock outstanding.

The only thing that matters should the company liquidate all its assets is paying off the loans first. Some $11M due to third parties, another $11M to ECAB and they are likely liable for the $4.7M loan to TRW. That's about it, but rather insignificant compared the the $600M in net assets.

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