happyshopper wrote:kevinchess1 wrote:if this site goes bust then shareholder will not be liable same as if any company goes bust.
Is it the same for PLC's?
I'm no expert, but if I invest in (for example) Centrica plc and they go bust, the shareholders won't be liable for anything as the shares are "fully paid up" (i.e. the nominal value has been paid).
The shares we are given in imutual plc are also fully paid up. In the company's last annual report to Companies House (dated 25/06/2011), all the shares held by members are fully paid (IMUTUAL WORLDWIDE LTD and IMTL MEMBER SHARES LTD still have some part paid shares).
As I say, I'm no expert on this but talking from my limited experience of investing in the stock market. I'm sure Richard will clarify.