Replies to post #43362 on Red Giant Entertainment, Inc. (fka REDG)

[Dmac9]

If the company goes belly up, then like, what is there to pay?

Looks more to me like a way for them to get control, invest in the company, without diluting the common shares

[rickn23]

I believe you are correct. The assets of the company, up to the first $300,000, would go to pay off Markiplier and Benny, the preferred Z share holders. After that, would probably be the note holders, if any.

This would probably mean Benny and Markiplier would own the company's intellectual property.

[coopaloop21]

Debt, preferred, common....thats the order of it for all corporations. But to be clear, even if he got paid first he would still lose a ton of money. The preferred shares are for voting rights too. Which is a good thing.