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Incorporation Videos 104 videos

Finance: What is Bankruptcy?
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What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...

Finance: What is a Dissident Director?
4 Views

What is a Dissident Director? The Board of Directors of a company usually reaches a consensus the majority of the time in order to decide on polici...

Finance: What is a Safe Harbor?
3 Views

"Safe harbor" refers to the notion that, if you follow a basic set of rules, you cannot be found guilty of a crime or shady dealings.

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Finance: What is a Residual Claim To Assets? 2 Views


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Description:

A residual claim to assets is a preferred stock investor's right to the financial remains of a company that's... gone the way of the dodo.

Language:
English Language

Transcript

00:00

Finance a la shmoop what is a residual claim to assets? alright people here's an

00:09

investment and here's an investment gone bad well here's the result and you have [Cash burning]

00:15

a claim to the crumbs of dollar bills here the investment in hair for days.com

00:21

didn't go so well instead of regrowing hair as it promised

00:26

it actually made hair disappear in you know other places so the investors eight

00:32

million bucks is mostly gone Microsoft is buying the company for a

00:36

scrap price of five million since you were the preferred stock investor and

00:41

there was no debt junior or senior or otherwise no IRS bills owed no vendor

00:47

bills owed just the preferred IEU well you have this residual claim to the you know

00:54

financial residue and the eight million bucks you invested went to Jenny Craig [Man with briefcase of 8 million dollars appears]

00:59

dieted down to only five million bucks which now come your way via your

01:03

residual claim to assets fingers crossed your next investment goes a bit better

01:08

but hopefully this one will put a little hair on your chest it happens [Man with hairy chest appears]

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