Will SI close down and delisted?
$Silvergate Capital(SI.US$ anyone can enlighten me if SI will close down and delisted eventually? i can't intepret base on what we can find on web to justify whether SI is same as SVB and SBNY? Or actually SI can still operating and a hope to revive?
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71129854 : They are going to be liquidated and the stock eventually stop trading. They are in the process of liquidating and what that means is that they will sell all their assets to settle all their creditors and shareholders last. So whatever they have left after settling creditors is what shareholders get, which may be nothing or a lot. Wall streets analyst believe Shareholders may get $5, but nothing is certain so it is still a risk because you may get 0. “I am not a financial advisor”
71324940 OP 71129854 : thanks for your advice. so averaging down on this counter is not advisable right?
71129854 : I will just put something I can afford to loose. My personal opinion though