LOL I looked for an actual news link on this and the only thing I got was about their debt holders being paid. So I have to assume that the money was used to pay off debt holders.
If this is the case then thats standard practice and the way it should be. Otherwise companies wouldnt be able to raise capital b/c whos going to invest in a business when they have absolutely no recourse for getting their money back if the company goes belly up?
are you saying it is acceptable to steal other peoples money just because the company they work for has access and management control over it ?