That’s not how equity works. I think they own non-voting shares. If the company goes under though, we get nothing.
During the 2008 crash RBS nearly went under, the UK government bought them for a song. Their debts were added to the UK national debt though.
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Yikes. Yeah, I don’t think that’s how would work here. I could be wrong, but when they said shares, it makes me think shares, not debt. Debt vs. equity.