CCP Evergrande Is Officially In Default - Expected to Affect Western Markets Also
(halturnerradioshow.com)
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Hasn't Evergrande been "officially in default" since like last year?
They have been paying back China only investors but shafting western investors
They've been getting a pass to keep the bonds listed as defaulted, but Citibank who is a prime broker has finally declared that one of them is in default. This means that due to the clause in all their bonds that if one fails, they all fail, that all should be rated as defaulted, and no longer of use for use as leverage or collateral in the case of using margin.
That's what I thought as well...
Yeah, it's starting to sound like GME stock being "about to moon any day now, it HAS to happen, it's the law!"