I'm a little confused about something on this screen. I thought that when a player gets the little bullet hole through his picture, that meant he's been defeated. But I just finished a 5v5 game where the only player WITH the bullet hole was the final opponent I was fighting; the other 4 had been completely wiped out but you couldn't tell that from the screen. The only reason I really care is because of pirates; you can't put bounty on these players, so I ended up eating the pirate attacks near the end.

So, what's the deal there?