Robin Hood Type Traders go for Court Protection to bail out their investments
- Thread starter zdreg
- Start date
"Amateur investors who loaded up on J.C. Penney Co. shares as the retailer went bankrupt are now pleading with a judge to spare them from a complete wipeout."
YOU BOUGHT A BANKRUPT COMPANY! Shareholders are last in line in bankruptcy proceedings. You gambled that it would play like Hertz and lost -- I can't even ...
YOU BOUGHT A BANKRUPT COMPANY! Shareholders are last in line in bankruptcy proceedings. You gambled that it would play like Hertz and lost -- I can't even ...
Who wants to do an IPO with me at $0.01 then file bankruptcy a day later and sell our stonks to robinoobs for whatever they want? $1 is probably fair. Company will be called Derptz.
"Hardt, when contacted by Bloomberg last week, said he had “zero knowledge of the bankruptcy process” before buying about 10,000 J.C. Penney shares. The Plano, Texas native said he’s already sold the position."
He's one of the shareholders that wrote “I hope and pray for you to consider the shareholders,” in a letter dated May 25, one of dozens sent to the Corpus Christi, Texas-based court overseeing the case in recent months. If he's already sold his position, WHY is he still writing to the judge??!! And besides assuming he bought the shares at the highest price of 67.9 cents, he will only be out $6K+ even if he faces a "complete wipeout". If you can't even afford to lose even that much, WHY did he buy that much in the first place?
What did these people expect the stock market to be? Free ATM's?
He's one of the shareholders that wrote “I hope and pray for you to consider the shareholders,” in a letter dated May 25, one of dozens sent to the Corpus Christi, Texas-based court overseeing the case in recent months. If he's already sold his position, WHY is he still writing to the judge??!! And besides assuming he bought the shares at the highest price of 67.9 cents, he will only be out $6K+ even if he faces a "complete wipeout". If you can't even afford to lose even that much, WHY did he buy that much in the first place?
What did these people expect the stock market to be? Free ATM's?
Probably yes.
Ironically, that which is designed so well, to suck out the $, looks so easy to some.
Like those beautiful toxic frogs, that kills via touch.
The story overall, is the peak condition of victim mentality.
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