SVB Financial Group (SIVBQ)

[UpTickMeA$AP]

Lots of high profile chapter 11s have had huge swings like this, only to cancel equity. WAMU, Kodak, JC Penney etc... Many many more.

They have huge swings, because many have your mentality, and think everything is going to be fine, and equity will somehow go from bankruptcy, back to the pps of old, which won't happen.

The government/FDIC already did it's part by setting up the sale with first citizens. What's left, is what first citizens didn't want to buy. Now in bankruptcy. Now, it's a game of liquidating to satisfy creditors. Equity is last in line to be satisfied, per bankruptcy process.

I've been playing bankruptcies for decades, hence the reason I was here waiting for it to list on the OTC. The first couple days are when the big hitter trades hit, mostly. The first day on the OTC, is also when you see the massive Dip. Then the dreamers come in, and run it up. As we clearly saw happen. Being early is key.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171475224

But by all means, take your knowledge of the bankruptcy process, and play as you see fit. Gltu