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Friday, March 31, 2023 2:22:11 AM
Market makers buy and sell stocks on behalf of their clients, and they make money from the difference between the bid and ask price. So they have absolutely no motivation to act as you state. Lot's of misinformation is found on these boards as to what the MM role is.
Shorts are for the most part, a much more savvy investor, because potentially limitless losses. When you buy shares of stock (take a long position), your downside is limited to 100% of the money you invested. But when you short a stock, its price can keep rising. In theory, that means there's no upper limit to the amount you'd have to pay to replace the borrowed shares.
Keep in mind, this is in bankruptcy, chapter 11. The process is written very clearly, and equity is last in line after EVERYONE else is satisfied.
At some point, they will come to agreement with the creditors and all, and a Plan that will outline the fate of equity will be filed.
The bankruptcy process is the reason why almost all chapter 11s end up cancelling equity. It simply is what it is.. I assume you were in Kodak, since you brought it up. Remember they wiped out equity, even though a new company emerged.
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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