shoomer,Directors of company are liable for allowing entity to...

shoomer,

Directors of company are liable for allowing entity to incur a debt knowing it can't pay, if he still owns the shares when call is due he is liable unless a new deal to relieve shareholders is forthcoming, but as the aim was to keep project debt financing intact there is no incentive now for underwriters to bail out shareholders as debt is not threatened, can't see him keeping money if pursued.

Real question is will he still own the shares when call is due.