/biz/ - Business & Finance

>>56435707
>why not buy GME?
I did and do and will continue to do so. There's nothing you can do to stop me.

>>55861166
Checked. Soon.

>>55867899
Checked. Fuck everyone and everything especially me.

>>55186563
The real answer is that it's a combination cash and share deal.
>Creditors get cash.
>Shareholders get shares of the parent company. >Shorts splatter on the pavement.

>>55083444
Checked. Sneed the unbelievers.

>>54792443
Chapter 11 restructuring and an audit of the shares outstanding.

>>54792468
The difference is a suspension can be lifted while relisting would require a new CUSIP. Shareholders don't get wiped out unless the company files for Chapter 7 or delists and relists with a new CUSIP and a new share offering.

It's not a successful cellar boxing until the company is dead. It sure would be silly if they brought it to the brink only to have another party acquire the company through an all-stock offering.

>>54408076
>GME -1%
>Being blasted
>BBBY down 15%
>T-THE WHOLE MEME BASKET I-IS D-DOWN
I'd tell you to at least re-invest in GME but if you don't see the writing on the wall by now that it's more that ogre, then there's nothing left to say.

Edited:
DOJ is probing UBS and Credit Suisse 3 days after UBS offers to buy Debit Sussies.
DTCC is forcing UBS to re-neg on it's purchase of Debit Sussie being a 7% holder of UBS.
Debit Sussies inherited a steaming pile of leveraged derivative^2 from Archegos capital regarding GME.

If UBS manages to get out, the BIS picks up the bill through the interconnected network of derivatives that are forced to settle in default.

Here is a list of some of the bullet-swap counterparties:
>Hudson bay capital (BBBY)
Barclays
BNP Paribas
>Merrill Lynch
National Financial Services
State Street
>UBS
BNP Paribas
>Goldman Sachs
Paloma
>BOFA
>Citi Group
>Deutsche Bank AG
>JP Morgan (Fed Reserve)
Morgan Stanley
>Credit Suisse (Biggest swap party)
>JP Morgan Chase Bank
SG Amercias Securities
>Bank Of New York Mellon
Bank Of Nova Scotia
SS&C Technologies Inc
Samlyn
Fidelity Prime Services
>Morgan Stanley
Northern Trust
>Morgan Stanley Fund Services (Cayman)

>Implying banks with CDSs already mooning and/or crashing in market price
>Implying the Caymans are also not safe from GME

These short-hedge parties have to facilitate infinite fiat redemptions to GME holders due to a logic error in the stock market. Quadrillions of derivative bets comes tumbling down.
This kills every fiat-based Central Bank in the world.

>You can't kill the BIS
The entire asset set (AND value) of the BIS is dwarfed with the obligations Archegos heel-striked the counterparties with. Central banks are checkmated to step in and backstop to prevent whole-market neck-snapping volatility, The equivalent fiat output to 95% GDP of BIS is...infinitely more times by the number of counterparties required to close.
With Cayman Islands exposure, every fiat connected hedgehole is exposed.
This includes every nation the listed counterparties hold derivatives in.
This directly affects the performance of the central banks and if every one of the 63 central BIS banks are in ruin...

...The whole house of cards falls down.

>>54300932
>The result is still the same
Haha, yes. GME now has a bigger market cap than Debit Sissie's and their derivate losses still haven't been realized.

You were never meant to make it.

>>54282716
If the dollar survives, progress is accelerated with suppressed innovation in all fields (even Elon is guilty of this with SpaceX according to /sci/ as an exciting example) bursting out from the seams of the patents office.

If the currency is reset and a genesis block of a new stock market is formed with GME one of the flagship companies in a Berkshire Hathaway scenario, I'm sure 90's anon can agree that we can all turn back time and start there on a level playing field with what we can salvage.

I just bought, bros...sell...

Every time.

>>54225672