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| Topic | Stock Topic 6 |
| Lopen 06/17/20 5:52:59 PM #362: | red sox 777 posted... In LK news, remember the shares Goldman Sachs seized from the chairman as collateral for his margin loan? They said they sold all of it, and received an average price of $2.75 per share. They got back $200 million out of the $500 million they were owed, so unless they can find some other assets of the chairman to seize, they took a loss of $300 million on the margin loan. I think everyone here who traded LK sold at a higher price than $2.75 or are still holding, so we all did better than Goldman Sachs on this one. The funniest thing about this is that it's actually been higher than that price for more time than it hasn't been since it was unfrozen. Like any sort of discipline with the stock gets you much more than 200 million even if you wanna play it conservatively and sell before there's a serious delisting risk (I think we're coming up on that in the next few days). And I wouldn't be surprised to see it get over $6.88 per share long term (what it needs to break even on the $500 million) --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard! |
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