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Post# of 734775
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UpTickMeA$AP

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UpTickMeA$AP

Re: STRIKEEAGLE post# 683898

Saturday, 04/02/2022 9:40:24 PM

Saturday, April 02, 2022 9:40:24 PM

Post# of 734775
I've been playing chapter 11s for a little over 20 years. In the beginning, I used to buy into the fantasies. They come with EVERY bankruptcy. After you watch 50 or so, and study the actual process, you figure out that equity, 99% of the time, gets absolutely nothing. Wamu was lucky to get shares.

The money in bankruptcies, is in the reorganized company. Not the bankrupt one.

This is just more proof of that. If one can push past denial, they can play the process, and make some nice money.

DISCLAIMER: ALL MY POSTS ARE MY OWN PERSONAL OPINIONS AND NOT RECOMMENDATIONS TO BUY, SELL OR HOLD SECURITIES. DO YOUR OWN RESEARCH/DD AND MAKE YOUR OWN TRADING DECISIONS.

People kill for money. What makes you think they will not lie to you for yours?

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