OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

In a bankruptcy the last in line to be paid are the Common shareholders the first being the Government, the the secured creditors...

And you can only take $3000 as a loss - it isn't a tax credit.

In a PubCo bankruptcy rarely do the common shareholders receive anything.

If a secured creditor or unsecured creditor is impaired then the Preferred and Common shareholders are shutout.

IG