Replies to post #176595 on Sulja Bros. Building Supplies, Ltd (SLJB)

[Time To Roll]

As a business owner, I can tell you there is usually a long line of creditors, employees, insurance companies, taxes, etc. that will be paid before the owners (Shareholders). Bigger problem many shareholders are in the USA and the company located in Canada and (ME, if you believe that part of the story).

[janniebgood]

I doubt seriously that this company is totally debt free, especially if we can believe that we are building three "design depot" stores in the ME. But that remains to be seen. If this thing does go down the tubes, individual shareholders should not expect to see much cash back from liquidation of assets. This is not a realistic expectation in my experience. There would be receivership fees, costs of litigation, attorneys' fees, and a myriad of costs that would significantly eat up any assets remaining. It's a long, drawn out process. Hopefully we won't have to find out.