Evergrande isn't the only Stock suspended, were in for an interesting week ahead
(media.greatawakening.win)
🔍 Notable
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (155)
sorted by:
I know Evergrand is being bought out (51%) just not sure who. So that would be normal. What's weird is all these other companies at the same time.
100,000 holes… Robin Williams rolling in his grave for infinite free energy
"And we'll call it a stroke! Cuz every time you go whackin away, you think you'll feckin die!"
RIP, Williams.
That just gave me a "billions and billions" dollar smile!
Don't stop the fantasy thinking. You were on a roll.
Love it! And a 45-story driving range with a 17-story restaurant/bar, with 1776 employees . . . . . .
This suggests that DJT really had them on the ropes despite the face that they showed the world. I wonder though...After blowing up those half finished buildings they appear to have evergrande has destroyed a significant investment in hard assets, i wonder what that will do to property values? After all there was little liquidity for those assets unless it was a potential relocation site for a wuflu slip..
They ran out of money who paid who to blow up buildings... It makes no since.
"Running out of money" just meant that they don't have billions to spend. They still have millions.
Ok your going bankrupt why spend money to blow up buildings?
"The military is the only way" works for me.. 😁
If I recall from the article: "they (evergrande) made the decision"... it could have been another arm of the corporate entity(managementco, or serviceco), or the ccp.
It occured to me that with a crash coming, perhaps they didn't want to leave a space for squatters to set up camp. But then, I don't imagine the CCP just let's the homeless (is that a thing in China?) Stake a claim wherever they want. I'm thinking Mandatory Mongolia . . .
I thought that was what the 3 trillion dollar 6uild 6ack 6etter bill was for.
Their asset manager got bought out, which isn’t as garbage as Evergrande and can be salvaged. Evergrande is fuk
Bought for pennies on the dollar, but all Evergrande tickers as well at those associated with Hopson Development (the buyer) were suspended until the deal is finalized.
Correct. Evergrande is not getting out of this mess.
It's already made the financial news. They defaulted on bonds today. They're done.
I don't get why the CCP aren't stepping in, it's a huge risk to destroy their country if the rumors of them being Lehman 2.0 is true.
...unless they want to crash the world econ. To cover up wuhan and western govs tyrannical management of a fake pandemic.
The CCP has three choices at this point...
Step in, try to save the companies connected to EverGrande, and risk becoming insolvent too.... Or Worst Case, exposing themselves as being almost insolvent to begin with, and then destroying the Entire Chinese Econ....
Don't step in, let it all crash, Watch how far reaching it becomes, then take the heat and Rioting, and blame for not doing something..... Possibly risking their own lives.... And yet, exposing themselves as being almost insolvent to begin with....
Start a War, any war, with anyone, kick in the War Machine to keep some semblance of Financial Solvency....
Take your pick....
The CCP probably don't have access to the American tax base anymore.
Dude they defaulted on billions in bonds to overseas investors yesterday. "Stepping in" would require them paying that and the other bills coming due.
I wonder if our “infrastructure bill” was supposed to pass to keep them solvent. But wonk wonk wonk