Are There ways to know which stocks the price can drop below Zero ?

So for anyone who thinks a stock can possibly go negative (and let's say it goes to -$0.05) doesn't that mean you owe the corporation or whoever is on the other side of your trade -$0.05 per share if you want to exit long??? :confused:

:D come on folks.
 
Overnight said:
ARemember the McDonalds chick who sued the corp for third degree burns spilling her coffee in the crotch while she was driving LIKE A Fing DUMBASS
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It wasn't quite like that.
https://www.vox.com/policy-and-politics/2016/12/16/13971482/mcdonalds-coffee-lawsuit-stella-liebeck
What a lot of people get wrong about the infamous 1994 McDonald’s hot coffee lawsuit
Adam Ruins Everything explains that the case wasn’t about greed, but about a working-class woman forcing a big company to make its product safer.

By German Lopez@germanrlopezgerman.lopez@vox.com Dec 16, 2016, 10:20am ESTShare this on Facebook (opens in new window)

It’s treated as a classic example of judicial overreach and greed: A woman, driving in her car while holding McDonald’s coffee between her legs, spills some of the coffee on herself. Inflicted with some minor burns, she sues McDonald’s, as if she shouldn’t have known that coffee is hot and driving with it in your hand or legs is dangerous. And then she ultimately wins millions of dollars from the fast food chain — becoming rich due to a dumb mistake that was all on her.

Only this is all wrong.

In a new segment of Adam Ruins Everything, host Adam Conover explains that basically everything people think they know about the McDonald’s hot coffee lawsuit is false. He walks through some of the actual details of the case:

  • Stella Liebeck was a 79-year-old woman in Albuquerque, New Mexico, whose grandson drove her to McDonald’s in 1992. She was in a parked car when the coffee spilled.
  • Liebeck acknowledged that the spill was her fault. What she took issue with was that the coffee was so ridiculously hot — at up to 190 degrees Fahrenheit, near boiling point — that it caused third-degree burns on her legs and genitals, nearly killing her and requiring extensive surgery to treat.
  • McDonald’s apparently knew that this was unsafe. In the decade before Liebeck’s spill, McDonald’s had received 700 reports of people burning themselves. McDonald’s admitted that its coffee was a hazard at such high temperatures. But it continued the practice, enforced by official McDonald’s policy, of heating up its coffee to near-boiling point. (McDonald’s claimed customers wanted the coffee this hot.)
  • Liebeck didn’t want to go to court. She just wanted McDonald’s to pay her medical expenses, estimated at $20,000. McDonald’s only offered $800, leading her to file a lawsuit in 1994.
  • After hearing the evidence, the jury concluded that McDonald’s handling of its coffee was so irresponsible that Liebeck should get much more than $20,000, suggesting she get nearly $2.9 million to send the company a message. Liebeck settled for less than $600,000. And McDonald’s began changing how it heats up its coffee.
As Conover put it, “This was an incredibly rare case where a working-class victim actually beat a huge team of corporate lawyers and made the world a better place.”

So how did the public’s view of this case get so warped? According to Conover, lawyers spent years running a disinformation campaign, which much of the media bought into, holding up the McDonald’s coffee lawsuit as an example of a supposed epidemic of frivolous lawsuits.

“The last several decades, large corporations afraid of being sued for making unsafe products created front groups like Citizens Against Lawsuit Abuse to turn public opinion against lawsuits,” University of Washington professor Michael McCann told Conover. But “the best social science evidence shows that the number of personal injury lawsuits in recent decades has declined, and the median payout is only $55,000.”

The lesson here: There are many problems with our justice system, from vast racial disparities to a bail system that excessively punishes the poor. But the McDonald’s hot coffee case isn’t one of those problems.
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ph1l said:
It wasn't quite like that...
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Yeah, I remember the case. I even remember seeing pics of the woman's lap and the burns. She admits it was a dumb thing to do. It's not her first round of coffee with McDonalds. She KNEW how hot their coffee was. McD's fault was admitting they knew of all the hot complaints.

People are judged to be too fucking stupid to be allowed to do anything now, because one stupid fucking person decided it for them. Generations of people now and into forever will not know what it is like to get a simple cheeseburger from a fast-food joint with a hot pickle on it, because of this lowlife who didn't use common sense.

Burger King got a bit smart on this front though. They added a button on their register called "extra hot". Try it next time you get a burger from there. Ask for it "extra hot". If the order-taker doesn't know what it is, ask for the manager. It means they nuke it in their fusion reactor for 5 seconds, so the burger actually comes out HOT.
 
"So for anyone who thinks a stock can possibly go negative (and let's say it goes to -$0.05) doesn't that mean you owe the corporation or whoever is on the other side of your trade -$0.05 per share if you want to exit long???"

The bid was 0.00 the offer was 0.05 that a hyphen, not a minus. Look at the balance sheet. We ended up owning the stock as a convertible bond we owned was called and we needed a mark before yearend. Found out later a well-known arbitrager was trying to accumulate the public shell as there was little left. Much longer story. Be cautious when you see a balance sheet heavy with converts. Had no idea at the time who was the eventual owner and we would have taken a bigger haircut to get the yearend mark
 
Overnight said:
Yeah, I remember the case. I even remember seeing pics of the woman's lap and the burns. She admits it was a dumb thing to do. It's not her first round of coffee with McDonalds. She KNEW how hot their coffee was. McD's fault was admitting they knew of all the hot complaints.

People are judged to be too fucking stupid to be allowed to do anything now, because one stupid fucking person decided it for them. Generations of people now and into forever will not know what it is like to get a simple cheeseburger from a fast-food joint with a hot pickle on it, because of this lowlife who didn't use common sense.

Burger King got a bit smart on this front though. They added a button on their register called "extra hot". Try it next time you get a burger from there. Ask for it "extra hot". If the order-taker doesn't know what it is, ask for the manager. It means they nuke it in their fusion reactor for 5 seconds, so the burger actually comes out HOT.
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you had 44 posts yesterday - get a life - you are looking like a cyber stalker
 
Dazz said:
you had 44 posts yesterday - get a life - you are looking like a cyber stalker
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I had 18 posts yesterday. And I work from home, as a trader, with safer-at-home restrictions, so there's not much else to do around here. What is your beef, Mr. Handley?

ON post count 1020a.JPG
ON post count 1020b.JPG
 
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