Thanks for your input SP. But then please explain to me if the ABCD company has shares in reserve and ABCD seeks protection under the bankruptcy laws and eventually goes belly up and there is no market for their shares and therefore the shares are worth zero then what avenues are open to the toxics to get their money back. If you can explain that to me then I will have to agree with you. As far as I know if one owns common shares and a company folds then the common stock holder is up the creek. Do the toxics have something in the fine print that guarantees full return of their initial loan if the ABCD company goes under and there are no assets--- just debt?
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