"The market cap doesnt mean a thing in a bankruptcy. Its the total amount of cash on hand along with assets. Market cap is not a factor here at all."
On the contrary... CCGI's market cap of $32M means they aren't headed for bankruptcy any time soon, so your conclusion is not valid!
There are 80.5M shares out there held by individuals and institutions that believe that CCGI is worth that much, or more, or they would sell those shares, wouldn't they?
Are they stupid, or have they looked at the assets, debt, and growth prospects of the EV industry and determined it is worth holding?
At the very least, a $32M market cap means they can issue discounted shares to raise many millions as needed!
And worst-case, if they are all wrong, and CCGI did end up in bankruptcy, it would not put aside any legal judgement or settlement award!
Companies that file bankruptcy to stall pending litigation or to purposely get out from under legal settlements will not get approval from a bankruptcy court judge.
Those pesky facts...
Win/Win for JNSH!
<crickets>
News 
Market Data 
Discover 
