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Bullstocks

11/02/11 1:47 AM

#11108 RE: Porgie Tirebiter #11107

But it is "swiping" when the debt is created out of thin air.
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doughboy2

11/02/11 3:38 AM

#11109 RE: Porgie Tirebiter #11107

So, joe gets permission to dilute in order to save the assets, but instead works it so he is now the owner of the assets?
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SJOGRINGO

11/02/11 11:55 AM

#11120 RE: Porgie Tirebiter #11107

Porgie...GREAT R.I.F. Post!!!

Porgie Tirebiter Share Tuesday, November 01, 2011 11:05:45 PM
Re: doughboy2 post# 11083 Post # of 11118

You have to realize that debt isn't "swiping" anything.

Debt is owed the right to claim the assets held by equity owners.
That is why it is so important to understand a company's debt structure before you purchase equity.