For those who aren't aware, if you ever have money tied up in a company going bankrupt, it will likely be lost. Bankruptcy allows a company to restructure its assets and debt. Your cash is their asset. If the judge in the bankruptcy court decides they do not owe shareholders, your money is gone while execs and holders of preferred stock get to cash out.
There are cabal controlled banks and US investment firms holding a lot of Evergrande stock.
Thanks for sharing your insight.
For those who aren't aware, if you ever have money tied up in a company going bankrupt, it will likely be lost. Bankruptcy allows a company to restructure its assets and debt. Your cash is their asset. If the judge in the bankruptcy court decides they do not owe shareholders, your money is gone while execs and holders of preferred stock get to cash out.
There are cabal controlled banks and US investment firms holding a lot of Evergrande stock.
Shareholders are "owners" of the company. In bankruptcy the companies have to pay off or restructure all debt before the "owners" get anything.
Blackrock fell another 20 today. It's beautiful.
Steve Bannon was warning people months ago that doing business with China was going to burn them. I think he saw this coming.