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1manband

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1manband

Re: Cash Avalanche post# 471

Monday, 08/29/2022 3:10:08 PM

Monday, August 29, 2022 3:10:08 PM

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The stock is worthless.

If anyone were willing to pay that much for the assets, they would not have needed to file for bankruptcy in the first place.

But they did, because the assets are not worth more than the liabilities.

In bankruptcy, the common shareholders will only recover something IF the debtors and creditors are 100% satisfied for what they are owed.

The odds of that happening here are pretty much zero.

The common stock will be wiped out without any compensation to shareholders, which means it is worthless.
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