This is something I just can't seem to understand as well and I have read a few definitions and several threads on the subject, but just don't quite get it.
Say I buy $50 of a BAP and it busts to zero, the guy doesn't cash at all in any tourney.
He now owes me $50 worth of cake (I think).
In a future BAP he states you may collect on past cake and I decide I am going to do that, what happens?
Do I now have $50 worth of that BAP (what if he doesn't cash again, does this go on forever?)
Or is it a case that IF HE PROFITS he pays back my $50 and thats it?
Man, I hate not being smart.
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