Well do they?

Not much chance if it pays back at 5p in the £. But the reason for the question was that I do wonder if there is some other advantage in being a creditor rather than a shareholder in the event of administration / winding up.

Posted By: alsosprachcreasotra on September 25th 2007 at 13:02:47

Message Thread

Any accountants in? (NCFC) - alsosprachcreasotra, Sep 25, 12:26:48
- because (NCFC) - Firstnews, Sep 25, 12:45:50
- ... (NCFC) - JoeyDeacon, Sep 25, 12:31:48
  - Well do they? (NCFC) - alsosprachcreasotra, Sep 25, 13:02:47
    - which begs the question (NCFC) - east of hampstead, Sep 25, 13:14:03
      - because shares don't have to pay a divi, but a loan must pay interest. (NCFC) - tudders, Sep 25, 13:17:49
    - Yes I think creditors are 1st to be paid...shareholders are bent over a barrel (NCFC) - Swiss Yellow, Sep 25, 13:10:24
    - Shareholders are last in the queue I'm afraid! (n/m) (NCFC) - JoeyDeacon, Sep 25, 13:05:41
      - doesn't that depend on the type of share? (n/m) (NCFC) - blindasabat, Sep 25, 13:06:45
      - Yeah I know that (NCFC) - alsosprachcreasotra, Sep 25, 13:06:40
  - not unless they are coverted to shares. (n/m) (NCFC) - lovely old job, Sep 25, 12:33:44

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