/biz/ - Business & Finance

>Three (3) years later
>Baggots still coping
Kek baggots

>>56643076
>I’m not a gme baggie
Yes you are, dumbfuck baggot.
Stop tsundere shilling your bags

>>56442867
>>Not 1 million if not 10 million per share
>Paper hand spotted.

KEK DUMBFUCK BAGRODENTS

>>55572006
>BBBaggies need to be reminded again
>making me post the pasta again
The problem here is that you just do not understand how BK works. We will use Hertz as an. example as it was one of the very few occasions when the original stockholders got SOMETHING, although very little.

First, when a company declares BK the stock is DELISTED FROM ALL EXCHANGES. The exchanges don't trade BK stock. Shorts are excused from closing the transaction, as the stock is by definition worthless. THERE IS NO SQUEEZE BECAUSE THE SHORT SELLERS DON'T HAVE TO RETURN WORTHLESS STOCK. Sooner or later, the broker will release all funds to the short seller.

Then, the stock ticker symbol is changed. Hertz was changed from HTZ to HTZGQ. Now all old stockholders own shares in HTZGQ. THEN A NEW COMPANY IS FORMED. With Hertz, it was HTZ. All the old stockholders own NO SHARES OF HTZ. HTZGQ (old HTZ) will never again trade on an exchange although it can trade on pink sheets (that's what the "Q" means). HTZ can be (and was) listed with an exchange and traded.

Then, HTZGQ does a Section 363 bankruptcy sale of the assets to HTZ. This transfers the assets free of any liens to HTZ. HTZ pays for these assets by selling stock. The money generated in HTZGQ from selling stock in HTZ is distributed to the creditors of HTZGQ. Remember, that HTZGQ was once HTZ and was the original Hertz. (New) HTZ then discovers that it owns thousands of slightly used cars in the hottest used car market ever and the price then soars. This doesn't affect the original stockholders in Hertz because HTZGQ sold those cars to HTZ for 10 cents on the dollar. HTZ soars but the original stockholders own HTZGQ not HTZ. HTZGQ of course is worth pennies.

As a matter of fact, the holders of HTZGQ got $1.46 plus 1/20 share of HTZ for every share of HTZGQ for the best BK result of the century.

>>55199977
>I’m going to still be optimistic about GME
guessing you'll still be optimistic on July 1st after nothing happens this month?

>>55147190
>Still not about $100 pre-split
kek baggies

Kek fucking STUPID BAGGIES

>>49822255
CHECKED AHAHAHAHA DOWN 7 FIGURES WHAT A FUCKING BAGHOLDER LMAO FUCKING KEK EHEEHEHE