LogFAQs > #964130066

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Topic	New development in GAMESTOP GME debacle
WingsOfGood 04/08/22 4:26:43 PM #5:	DarkRoast posted... Not only is this not illegal, it's not even a bad thing to do when it's clear a company is not solvent. And this is why I find GME / AMC stonks goofballs so irritating. GME and AMC are companies with exactly zero long-term solvency. No matter how much money you throw into them, or how much debt they pay off. They're not actually-functional companies anymore. At this point they are the brick and mortar equivalent of a pure speculative bubble. "Venture capital companies tear them down and sell them off!" Yes, because that's what happens to companies that aren't solvent. You profit off selling the scraps. That's the real world. They are solvent now. If they were not they would been following this consultancy agreement. That is kinda the point. <cite>WingsOfGood posted [p:964130066] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote>Not only is this not illegal, it's not even a bad thing to do when it's clear a company is not solvent. And this is why I find GME / AMC stonks goofballs so irritating. GME and AMC are companies with exactly zero long-term solvency. No matter how much money you throw into them, or how much debt they pay off. They're not actually-functional companies anymore. At this point they are the brick and mortar equivalent of a pure speculative bubble. "Venture capital companies tear them down and sell them off!" Yes, because that's what happens to companies that aren't solvent. You profit off selling the scraps. That's the real world.</quote> They are solvent now. If they were not they would been following this consultancy agreement. That is kinda the point. </quote> ... Copied to Clipboard!
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