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Old 11th Jun 2008, 00:02
  #30 (permalink)  
Wangja
 
Join Date: Dec 2005
Location: Seoul, Korea
Age: 75
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"I could speculate - but I won't - that those buying it now were the same that were interested in buying it before.. only now they have it without the debts.

I trust that staff will not be out of pocket on this one.. it's bad enough stitching up the creditors in such a (totally legal!) way."


Oversteer, in such circumstances, wages and salaries rank no 2 after inland revenue (and customs), then secured creditors, then unsecured creditors and finally shareholders.

Pretty logical really: tough on shareholders maybe but that's the foundation of the system - risk and reward.
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