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Hi Mike.
what does the following mean?:
“any calls paid in advance by shareholders”.
Thank you for help I appreciate it.
If there are shares that are $1 nominal value, 75 cents paid, that means that the company can demand from the shareholders the remaining 25 cents by calling it up (send notice to the shareholders and say “We want the rest now, so send us the 25 cents on each of the shares that you won”
But, if you want to take that threat away, you can pay your 25 cents per share BEFORE the company asks for it
So you pay your calls in advance of being asked
OK?
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