it is lost wanty ..... check out Bula resources (UK) ....45,000 shareholders penny stock entire shareholder capital wiped out....liquidator appointed...he goes out and tries to find assets...usually there are multiple charges on a company's assets.....like a mezanine structure.
Banks usually have first charge over any money liberated by the liquidator...
Then preference shareholders....hence the name
the orinary shareholders usually come last in the line and usually end up with nothing.....sometimes a few cents in the dollar is found but this can take years....not forgetting the liquidators feees of course... he gets paid as well.
And option holders??? ha ha ha
Check out a good economics web site.
AUM
australian mining investments limited
if it doesnt relist what happens to shareholder mo, page-8
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