Quote Originally Posted by BIRMANBOY View Post
True that's why there's all that re-insurance going on..to ameliorate the risks. They never completely die however just get absorbed into "luckier" better financed entities. However yes not that's going to help an investor much if it happens. Still relatively infrequent though.
In Standard's case the company not only completely died but its unlucky - or unwise - shareholders had to cough up another 10shillings per share uncalled capital. Watching that happen put me off partly-paid shares completely!