Mcsnacks H Tupack
dynamic Koala_2134
:
In the event of a bankruptcy restructuring, common shareholders are last in line when it comes to claiming a company's assets. One of the main objectives of a Chapter 11 reorganization is to take care of the company's creditors and restructure the debts in a way that the company can continue to operate. And these creditors get paid back in the order of the priority of their claims. Secured creditors (usually banks) get paid back first, followed by unsecured creditors such as bondholders. If a company has preferred stockholders, they are next in the priority line after bondholders. Stockholders are the last in line, and generally only get anything if the rest of the creditors are repaid in full. The stock of a company after filing chapter 11 becomes worthless.
Mcsnacks H Tupack
SpyderCall
OP
:
They are a billion dollar company. Don’t know how much debt they have. The shares could be worth something but the odds are around 10% chance.
SpyderCall
OPMcsnacks H Tupack
:
appreciate the info. I hope they dont get delisted. Restructuring might be difficult in this increasing interest rate environment. ,maybe china can give them a dirt cheap loan. I dont know
dynamic Koala_2134 : Halt in after hours
Mcsnacks H Tupack dynamic Koala_2134 : In the event of a bankruptcy restructuring, common shareholders are last in line when it comes to claiming a company's assets.
One of the main objectives of a Chapter 11 reorganization is to take care of the company's creditors and restructure the debts in a way that the company can continue to operate. And these creditors get paid back in the order of the priority of their claims.
Secured creditors (usually banks) get paid back first, followed by unsecured creditors such as bondholders. If a company has preferred stockholders, they are next in the priority line after bondholders. Stockholders are the last in line, and generally only get anything if the rest of the creditors are repaid in full.
The stock of a company after filing chapter 11 becomes worthless.
SpyderCall OP Mcsnacks H Tupack : already sold for about 30%
SpyderCall OP Mcsnacks H Tupack : i had some dirt cheap option that i lost a few cents on
Mcsnacks H Tupack SpyderCall OP : They are a billion dollar company. Don’t know how much debt they have. The shares could be worth something but the odds are around 10% chance.
SpyderCall OP Mcsnacks H Tupack : appreciate the info. I hope they dont get delisted. Restructuring might be difficult in this increasing interest rate environment. ,maybe china can give them a dirt cheap loan. I dont know
Mcsnacks H Tupack SpyderCall OP : Yea the banks get theirs and that’s a lot of money. Should be like $Hertz Global (HTZ.US)$
SpyderCall OP Mcsnacks H Tupack : I remember when that happened with HTZ. that one was a crazy ride
SpyderCall OP Mcsnacks H Tupack : Made my money back plus much much more today
Red__Bull : I wish I had bought $ 100k of $Revlon (REV.US)$ when you posted this and sold at 1 PM ET today (6/17).![100 💯](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f4af.png)
![flushed 😳](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f633.png)
![flushed 😳](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f633.png)
lol
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