Scottish Re Group Ltd (fka SKRRF)

[bwana12]

We are in complete agreement as to the facts you state. That gives them the ability to sell the company's assets, and maybe even pay themselves. Their security is senior to the common, so to the extent they take a loss through an arms-lenght transaction, there is no remedy. But if they do not .... Well, even in liquidation scenarios the common normally gets a bone thrown at them!