What if they decide they arent going to and just close up shop. Bad gamble, sorry we lose. Then reopen with new business? Seems there are other options than just them coming up with billions to make people rich. Esp considering they are in with the boys that run the show. I see it far more likely some magical rule change happens to revalue the stock to save their asses. And roll everyone who has been holding.
They might try to live the rest of their life under another name but then the clearing house would have to cover. If a clearing house goes under, it'll be a financial crisis. Who knows what after that but, that's sorta kinda what we were banking on.
I'll tell you one thing, if the on paper value of the GME shares go up to infinity you ain't gonna get infinity dollars for your stock even if it were DRS'd IDK what they will do, they'll try to make up some BS - or make up some sort of settlement or whatever. (In bankruptcy all the creditors split the spoils - they each get a set percentage. Usually a judge is involved)
It moves up the ladder. The entity above them is then responsible. All this has been researched to death over the past few years on SS and other sites.
What if they decide they arent going to and just close up shop. Bad gamble, sorry we lose. Then reopen with new business? Seems there are other options than just them coming up with billions to make people rich. Esp considering they are in with the boys that run the show. I see it far more likely some magical rule change happens to revalue the stock to save their asses. And roll everyone who has been holding.
Clear out your 401k and bank accounts, dump it all to hard assets, don’t pay taxes on ANY of it, and protect your possessions with a steel resolve.
“Disclaimer:” “This comment is not financial advice.”
They might try to live the rest of their life under another name but then the clearing house would have to cover. If a clearing house goes under, it'll be a financial crisis. Who knows what after that but, that's sorta kinda what we were banking on.
I'll tell you one thing, if the on paper value of the GME shares go up to infinity you ain't gonna get infinity dollars for your stock even if it were DRS'd IDK what they will do, they'll try to make up some BS - or make up some sort of settlement or whatever. (In bankruptcy all the creditors split the spoils - they each get a set percentage. Usually a judge is involved)
It moves up the ladder. The entity above them is then responsible. All this has been researched to death over the past few years on SS and other sites.