Replies to post #71642 on Red Giant Entertainment, Inc. (fka REDG)

[rickn23]

A year ago, I would have said yes. They might have to pay off some money on any debt owed. But, it would be the smart thing to do. Benny could always just start again, even with a public company. Maybe even avoid the same pitfalls

Now, it depends on how much REDG owes and to who. Shareholders are last in line when a company declares bankruptcy. That may be true for the Z shareholders, also.

If Zwag Box doesn't come out, it will be credit card companies and possibly banks looking to get their money back, right behind the IRS. Benny and the rest would have to pay off debt to retain their IP, or risk trying to buy it in an auction.