/biz/ - Business & Finance

hey everyone, just want you all to know that i WILL just keep posting this until someone can come up with a rebuttal

daily reminder that there is not one single baggie here that can explain why the bonds would be trading at 2 cents on the dollar if shareholders are guaranteed to make money from this bankruptcy

your thesis must fall into 1 of the following 3 categories:

1) the bonds go to 100 cents on the dollar before shareholders get paid (why isn't the bond market interested in a free 5000% gain?) [explanation required]

2) shareholders are getting paid BEFORE bondholders somehow (for the first time *ever* in a bankruptcy case) [explanation required]

3) you're selling before the bankruptcy is finalized because you bought below the current price and you agree that anyone who bought over $1 is a retard

please claim your number below, and provide the required explanation (if applicable) in your reply

ALSO please note that any *pants-shitting*, *sneeding* responses or otherwise that do NOT address the post above, are an automatic concession, thank you