Dag and Elke are holders of common stock in Fragrances,Inc.(FI).Like other holders of common stock,they have a residual position in the overall financial structure of FI,because they

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As holders of common stock, Dag and Elke have a residual position in the overall financial structure of Fragrances, Inc. This means that they are the last to receive payment for their investment, after all other stakeholders have been paid. This is in contrast to debts and other obligations of the company, which have priority to its assets if it becomes insolvent. There is no guarantee that common stockholders will receive more than the amount of their investment, nor does their state of residence have any bearing on their rights as shareholders.

Dag and Elke Are Holders of Common Stock in Fragrances,Inc