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The way it works is the store owners

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eddy2   Sunday, 06/30/19 01:22:05 AM
Re: MasterBlastr post# 6553
Post # of 6567 
The way it works is the store owners owe the company for morgages the company wrote them. The problem is they all closed shop defaulting on the mortgage owed. This put the common share holder in a deficit position as tax credits that was sold covers the loss leaving the company not having to pay back that tax credit to the common share holder. It’s set up as a limited liability partner ship. The common share holder picks up
the tax debt on what ever debt is paid back to the bank. The company then owes the common share holder but if there selling the assets to pay the bank well its dought fuel the common share holders are going to get anything.

The good is the common comes before the company share holders or stake holders if you like.

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