Yes, most companies emerge from Chapter 11. But in most cases, the pre-bankruptcy stock is cancelled and new stock is issued to the creditors. There are exceptions, of course, but usually the stockholders are wiped out.
Because I point out that the post is wrong, that makes me a liar? You are a brain-dead idiot that has nothing intelligent to offer to this board. You are highly insecure and have a obsessive need for attention, so you insult people who are trying to have a dialogue with other intelligent human beings. I will no longer respond to your moronic posts.
I have no position and have no plans to buy the stock, jerk. I'm merely exposing arrogant idiots like your buddy marcel
That's silly. FXCM has suffered the 225M in losses from the Swiss move, and will only suffer further losses if another currency makes a massive move, which is very unlikely. And do you really think LUK would loan them $300M if it was only going to last three days? Be careful who you are calling a fool.
Oh, please! This deal is going to cost DXCM $60M in interest, plus whatever part of the $225M owed by its customers can't be paid, which is likely to be substantial, perhaps more than the interest. The stock will go up from $1.49, but any suggestion that everything is going to be just dandy is ridiculous.
You're full of it. With a 2% margin, you could have only had an $800K position. With a 15% decline in the Swiss franc, your loss would have been $120K. Idiot.
The Swiss franc made a massive move to the upside. Since currency traders are required to have only a very small deposit supporting their trades, traders who were short the Swiss franc suffered losses that greatly exceeded their deposits, leaving the company $225M in the hole. They may be in violation of regulatory capital requirements, which means they could be forced into receivership.
Unwarranted sell off? They lowered their revenue guidance by 23% and cut the dividend, and the sell off is unwarranted? What, are they supposed to go up in the face of this bad news? What planet are you living on?
Guaranteed enormous upside??? That's just downright silly. When I hear that, I run the other direction.
Actually, goofus, I had no position. I joined this board because I was interested in what was going on with this stock. But I don't suffer fools gladly, and I become particularly incensed by people who try to impress others with bs when they have absolutely nothing of value to contribute. I'm sorry that you were ignored by your mother and have such a miserable life that you are desperate for attention. In any event, I'm not wasting any more time talking with an idiot like you. I'm putting you on ignore like most of the other intelligent people on this board. Try to get some help.
Why do you keep cluttering up this board with your stupid posts? Everybody thinks you are a fool (just look back at the replies to your posts), but apparently you are clueless. You are an insecure little man desperate for attention. Sad.