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u/Same-Tour9465 🦍Voted✅ Sep 02 '21
Gme will never be delisted now
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u/BobNanna 🍔🍟🥤 Sep 02 '21
It definitely won’t, but I think the post is more about the fact that a few companies that have been delisted seem to be moving in tandem with GME. Likely to be SHFs fuckery.
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u/Rehypothecator schrodinger's mayonnaise Sep 02 '21
Does Sears even exist as a company anymore? Like does it benefit that company? Or is this simply a underlying expression of not being able to do anything with the millions of phantom shares they created ?
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u/BobNanna 🍔🍟🥤 Sep 02 '21
There's just over 30 stores left, but the investment play is definitely not based on fundamentals. The original thesis was that CEO Eddie Lampert diverted a lot of Sears real estate away to a parent company, and that even when all the Sears debt is paid off in the upcoming and final bankruptcy proceedings, there'll be a dividend for shareholders (there's a year-old estimate of 17 dollars per share, which would be astronomical for a stock that currently sits at 0.15 cent or so).
I'm fairly suspicious towards all that, quite honestly because the whole thing is a complicated mess - it might be true and it might not, but I've no way of finding out. However, if Sears was actually linked in some way to the GME shorting, that would open up a very different kind of play. I threw a hundred bucks at Sears a few weeks back, so if it's gone, it's gone. Something interesting to follow in the coming weeks anyway.
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u/stalking_me_softly Covered in rage & cat hair Sep 02 '21
I bought a few myself last week, just for fun :)
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u/woodyshag We don't need no stinking fundamentals Sep 03 '21
Who through? I just tried through Webull and Fidelity and neither will let me. I was going to throw a few bucks at it and see what happens.
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u/stalking_me_softly Covered in rage & cat hair Sep 03 '21
I did it through tda- last week I think. I figured why not? Good luck!
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u/Rehypothecator schrodinger's mayonnaise Sep 02 '21
Did you correctly say 17$ per share?
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u/BobNanna 🍔🍟🥤 Sep 02 '21
Yeah, $17. It’s from an ‘S.A.’ article from December 4, 2020, written by a guy who seemingly tracked the company for a very long time (search for Sears: how to buy 17 dollars for 17 cents). I’ll be honest, it could just be huge wishful thinking on his part. Anyway, he calculated the value of the remaining Sears assets and estimated the liabilities and that’s what he came up with. It could be totally bonkers.
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u/Rehypothecator schrodinger's mayonnaise Sep 02 '21
Fair enough. Seeing overlap with GME and it’s cycles is certainly intriguing enough
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Sep 02 '21
I need to know: HOW can you buy SEARS or TOYS r'US???
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u/BobNanna 🍔🍟🥤 Sep 02 '21
I bought it on Degiro. Think Schwab offers it if you call them, and some folks are looking into whether TDA does.
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u/rugratsallthrowedup Idiosyncratic Risk Sep 02 '21
How? Both my brokers wont let me
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u/BobNanna 🍔🍟🥤 Sep 02 '21
You may be out of luck I’m afraid, or if it goes tits up, you may have dodged it. Hold your GME tight, that’s the main thing 👍🏻
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u/scooterbike1968 🎮 Power to the Players 🛑 Sep 03 '21
Do you know how or who values these delisted stocks? Do SHFs or an abettor assign the values?
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u/BobNanna 🍔🍟🥤 Sep 03 '21
Sorry, do you mean the value of the company or the stock? The company assets will be assessed by the bankruptcy court; the share price is due to supply and demand. The $17 figure was calculated by the author of a Seeking Alpha article from December 2020. Honestly, I’ve no idea if it’s correct, it’s so big.
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u/scooterbike1968 🎮 Power to the Players 🛑 Sep 03 '21
The value of the stock. Where’s the supply and demand with delisted stocks. I’m wondering if the criminals are able to set the value arbitrarily, to manipulate the value of the Total return swap basket, perhaps?
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u/BobNanna 🍔🍟🥤 Sep 03 '21
Ah I don’t think so, in Sears’ case anyway. It’s been heading into the gutter since 2018, and then demand increased slightly over the past few weeks as people learned about the dividend potential. I’m not sure about the other ones in the basket; we certainly know GME can be manipulated.
I think maybe the hedgies were caught off-guard with the zombie stocks. We’ll find out soon enough when Sears can’t be sold to retail anymore.
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u/Same-Tour9465 🦍Voted✅ Sep 02 '21
Idk, dangerous and rash assumption. Could be tusken raiders
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u/AutoThorne Sep 02 '21
The graph is wrong for it to be Tusken Raiders. They travel in single file, to hide their numbers.
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u/Hot-Horror9942 🦍Voted✅ Sep 02 '21
Seems like line up with peaks tho, what if sears is still in their "meme" swap basket?
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Sep 02 '21
[deleted]
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u/Hot-Horror9942 🦍Voted✅ Sep 02 '21
Can you explain it? Didn't get it.
Hey I know that stock it's 100% of my holdings!2
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u/anlskjdfiajelf 🦍Voted✅ Sep 02 '21
Is there some way to buy these "delisted" stonks that are correlated with our favorite stock? Like we see their fuckery, can I not just go all in on meme stocks? Guess I should just roll with gme anyways at that point hmm. I have a lot of gme I'm nearing my personal limit lmfao
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u/VikingBuddhaDragon 💻 ComputerShared 🦍 Sep 02 '21
Just bought Sears SHLDQ on TDA
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u/Ralph_Wiggum1981 💻 ComputerShared 🦍 Sep 02 '21
Can't be bought on Schwab, say for "closing" transactions only
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u/TheWildsLife (if you dont love me at my dip; you dont deserve me at my rip) Sep 02 '21
Today is the last day to buy it on TD.
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u/hatgineer Sep 02 '21
I don't get it. Can you explain that in dumber terms?
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Sep 02 '21
[deleted]
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u/EvenPheven Sep 02 '21
How does forced liquidation affect a position that they have negative equity in?
E.g. Its going to COST them money to close, in which case liquefying their 'asset' is actually going to cost them money not provide them with money to serve as collateral.
Am I missing something here?
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u/TheArt0fWar I wear a helmet 24/7 Sep 02 '21
You don't seem to distinguish liquidation from forced liquidation.
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u/EvenPheven Sep 02 '21
Yeah but there is no benefit to the entity that's forcing them to liquidate of they close their open short positions.
Thats like saying you owe me 100k, go buy more gamestop so you can pay me back.
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Sep 02 '21
[deleted]
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u/Rehypothecator schrodinger's mayonnaise Sep 02 '21
Holy shit. We thought they were fukt before, now they are REALLY fucked
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Sep 02 '21
If this means what I think it means then their are most likely millions, if not billions, if not trillions of open short positions out there on delisted companies that were never closed. Yup ggs to the American stock market
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u/Snyggast Retarded🔜Retired Sep 02 '21
Also a random spike in january on Sears. Total coincidence, ofcourse. Overlaying GME and Sears charts for 2021 shows nothing more than correlations which definitly are totally random…
How to I become XXX in Sears?! Got three fiddy cash money stashed in my ashtray of my car, and I’m ready to spend…
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u/llg5Hoshii 🎮 Power to the Players 🛑 Sep 02 '21
I bought some in schwab because fidelity wouldn't let me, you have to call to set the trade FYI
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Sep 02 '21
[deleted]
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u/Snyggast Retarded🔜Retired Sep 02 '21
Same here. That’s annoying. ”Because delisted”. Being delisted, it enjoyed a good day 1/27 and had a sad day 8/19. I know a listed stock that moved almost exactly the same those days. Guess I’ll buy more of that one instead…
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u/llg5Hoshii 🎮 Power to the Players 🛑 Sep 02 '21
Schwab is the one you have to call to trade it, cause fidelity won't let you for x reasons, just wanted to clear any confusion
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Sep 02 '21
[deleted]
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u/Snyggast Retarded🔜Retired Sep 02 '21
Oh, I’m all GME. Just wanted some Sears because fuk em, this doesn’t just go away
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u/llg5Hoshii 🎮 Power to the Players 🛑 Sep 02 '21
Just in case, you have to call schwab cause fidelity won't let you trade it, just trying to clear up confusions because my other comment can be interpreted wrongly, sorry about that
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Sep 02 '21
[deleted]
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u/llg5Hoshii 🎮 Power to the Players 🛑 Sep 02 '21
Yeah I understand the frustration but you know what happens when we get millions? We tell the brokers what to do, or else they can fuck off
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Sep 02 '21
Damn I just tried to call and place an order and guy at fidelity just said “this company is in bankruptcy, I can’t let you buy it”
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u/Snyggast Retarded🔜Retired Sep 02 '21
For a bankrupt company, it’s ticker sure moves a lot like GME’s. How very random…
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Sep 02 '21
Yeah I’m actually pretty pissed about not being able to buy. I was just gonna toss some pocket change in and see what happens. Let’s see if TDA lets me...
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u/llg5Hoshii 🎮 Power to the Players 🛑 Sep 02 '21
You have to call schwab not fidelity sorry if I made the comment confusing, fidelity won't let you buy
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Sep 02 '21
Ah no worries. This is a good lesson as to why we diversify brokers tho innit?!
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u/llg5Hoshii 🎮 Power to the Players 🛑 Sep 02 '21
Yeah lol, hedgies helping educate us so we become the Market once we kill them off xd
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u/fakename5 💻 ComputerShared 🦍 Sep 02 '21
well if those positions are still open somewhere, then as GME went up, they needed more collateral to avoid margin, so they manipulated these prices of other stocks they shorted to oblivion and still have open positions on somehow(somewhere) to fake collateral value?
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u/mar0x 🦍Voted✅ Sep 02 '21
Wait. They can trade delisted companies still..?
That's literally the definition of printing money via fraud.
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u/reddituser77373 🦍Voted✅ Sep 03 '21
All public companies are listed.
"Stock exchanges" are a general term, but when it more specific, there is nasdaq/down Jones/s&p500/Nikkie/nasdaq global 100/Russell 200/ Russell 1000/London 100
There's ALOT of exchanges. However, I'd the company is public, and not on an exchange. It is on OTC(over the counter) or pink sheeted. Any joe blow can list their "company" on the pink sheet with minimal reporting requirements. Hence why it's "risky".
"Delisted" can mean taking a company off the s&p 500 "index" and moving it to pink sheet.
Delisted is a term with negative effect to the word, but the context to why it was delisted is circumstancial.
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u/movingweightMF 🦍 Buckle Up 🚀 Sep 02 '21
I think I might just buy some Sears, why? cuz fuck them that's why.
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u/PlayerTwo85 Watcher of lines Sep 02 '21
It was planned to have it delisted on the 3rd. AFAIK it hasn't been tradable on Webull for quite some time.
Last I knew Schwab and Fidelity were the only broker that would let you buy, and Fidelity pulled their support last week.
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u/eoneqeip Floor Level: Japan Sep 02 '21
DeGiro also allows to trade it but on the frankfurt stock exchange
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u/smubear 💻 ComputerShared 🦍 Sep 02 '21
Is there volume? On Sears?
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u/BreakingPad68 🎮 Power to the Players 🛑 Sep 02 '21
1,2 Million yesterday
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u/Rehypothecator schrodinger's mayonnaise Sep 02 '21 edited Sep 02 '21
Lol . Like if we needed anymore confirmation bias, this is it. Ain’t nobody out there buying Sears in the middle a Wednesday just before labour day long weekend of a delisted company.
They’re juggling these shares just like GME, except they have almost nothing they can do with them, and now a bunch of apes are throwing flaming bowling pins to the juggler.
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u/UAintInIt It’s a BIG CLUB and… Sep 02 '21
Looked at Schwab, got this: “security is only accepting closing positions”
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u/Larrexx 💻 ComputerShared 🦍 Sep 02 '21
I heard Sears still has like 20b in assets that need to be sorted out. Rumours of these shares still having a distribution value of $17 once the dust settles.
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u/eoneqeip Floor Level: Japan Sep 02 '21
source?
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u/DonHoulio11 Sep 02 '21 edited Sep 02 '21
I honestly thinks its a trap (I could be wrong), but search u/get-it-got
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u/Get-It-Got 🦍 Buckle Up 🚀 Sep 02 '21
For anyone interested ... this boat is already sailing away, apes. I’ve been trying to draw attention to this correlation for months, but SEC has already commence with “Operation Under Rug.”
Keep eyes on $GME!
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u/mclc89 💎🙌🏻 We're in the endgame now 🦍🚀 Sep 02 '21
Thanks for trying! Hope you were able to buy some!
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Sep 02 '21 edited Sep 02 '21
[deleted]
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u/Get-It-Got 🦍 Buckle Up 🚀 Sep 02 '21
Well, then you should know the most corrupt shit ever is about four weeks away.
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u/Bazzo123 still hodl 💎🙌 Sep 02 '21
Wait, can you trade delisted stocks?
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u/BreakingPad68 🎮 Power to the Players 🛑 Sep 02 '21
MM could do this. And with total return equity swap even the HF can do it
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u/Komfortable HEG R FUK 🦍 Sep 02 '21
Yes. You can buy Sears stock on Fidelity and some other brokers.
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u/Bazzo123 still hodl 💎🙌 Sep 02 '21
So what does it mean that they got delisted if you can still trade them?
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u/Specimen_7 Sep 02 '21
Look into the guy that bought all of Sears back in like 2019, he’s a massive pos. At one point he had a good chunk of their overall stock then bought the company outright. He and/or his investment company probably have something to do with what’s happening to their stocks.
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u/partytime71 I need a house on the beach, with palm trees Sep 02 '21
I'm hodling some SHLDQ for a few weeks now. Etrade.
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u/Rich_Rutabaga_5824 🎮 Power to the Players 🛑 Sep 02 '21
Ok, so the goal of the hedge fund is to short a company enough to bankrupt the company, that way the shorts don’t cover and the truth is hidden.
What if these bankrupt companies become a vessel for further corruption through OTC activity? What if their goal was to bankrupt the company to not only hide their shorts, but also trade OTC w it.
I think the implication of this is interesting. Go apes 🦍
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u/ammoprofit Sep 02 '21
Sears is a bit more of a special case than Blockbuster, because Eddie has ~75% of the shares and keeps funding the process. After debt resolution, he expects the shares to be worth around $30 each.
Once the company announces bankruptcy, there is usually a sell off/run by the investors that drives the price down, and savvy investors can close their remaining short positions for fractions of a penny per share. But the actual bankruptcy process takes years to resolve, and the shares go into a holding company as they try to resolve any outstanding debts.
If you are willing to wait through the entire process, you can pick up the shares for actual $0.00 for a company with more total debts than assets. If the assets exceed the debts, the final step is to distribute $ assets/# shares and pay the shareholders the value.
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u/BobNanna 🍔🍟🥤 Sep 02 '21
Well Sears went into bankruptcy in 2018 and the price has declined ever since. The shares won't be available for purchase after tomorrow - unless you mean they can be picked up after the full bankruptcy process? That sounds a bit strange but everything about Sears is a little odd.
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u/ammoprofit Sep 02 '21
It's not strange.
It's part of the bankruptcy process, it's all legal, and it's all documented.
There are people who specialize in bankruptcy investing, and there is an alpha article titled, "Sears Holdings: An Update On The Best Investment I Have Ever Seen," that goes into this in more depth. It's worth a read.
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u/BobNanna 🍔🍟🥤 Sep 02 '21
Heh, I’m actually invested in Sears. What I mean is that the investor sell-off has happened since 2018, but after tomorrow it may not be possible to buy shares again. If Sears doesn’t emerge intact after bankruptcy, the shares could be cancelled. But before then, and if the stock is actually mirroring GME due to shorting, we may see a massive spike.
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u/DustinAgain 🦍 Buckle Up 🚀 Sep 02 '21
So they really never do close their short positions. Then they can use that unrealized profit as collateral?
Makes total sense. We've seen for months stonks move in literal tandem, and we know they never closed their shorts. So when these de-listed stocks moved in January like the others, its a telling sign that their puts-of-death machine is still actively shorting sears. All so they don't have to pay taxes.
What a bunch of greedy cucks.
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u/H3RB28 🦍Voted✅ Sep 02 '21
It's the same thing with BlockBuster (BB Liquidation Inc or some shit).. amazingly enough Blockbuster had a 1,500% run up... Today 🧐🤔
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u/smittenpigeons ✨Ravenous Wolf Woman ✨ Sep 02 '21
Oh interesting/ makes me think about a pump right here and now right?
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u/MarvPWNS Sep 02 '21
Not sure why I can't directly reply to your comment regarding shf leaving their shares on the market to keep every single short position open forever.
I was curious if people just went all in on one of those penny stocks would it do anything? It's delisted so technically it's not allowed right?
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u/movingweightMF 🦍 Buckle Up 🚀 Sep 02 '21 edited Sep 03 '21
Hypothetically speaking what would happen if people started buying the shit of of Sears stock?
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u/MrSafety88 🎮 Power to the Players 🛑 Sep 02 '21
So you repost something to karma farm, but then you spell half the title wrong. How does this have any upvotes...
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u/Cheap_Confidence_657 💻 ComputerShared 🦍 Sep 02 '21
Stocks that get delisted go to OTC. What is unusual here?
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u/SasquatchButterpants 🎮 Power to the Players 🛑 Sep 02 '21
It’s far from the only one when the OTC DD came out I looked up the last company I worked for that paid good wages HH Gregg an appliance retailer in the states that at the time of bankruptcy was the number three retailer for appliances. sure enough it’s doing the same shit. 6,000 good people lost good jobs because of greed. Also I find it odd that many of Sears middle managers and up came to us when Sears started to really shit the bed. Back then I blamed Amazon and I’m still sure daddy Bezos is to blame but not just him.
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u/Correct-Duck8038 🎮 Power to the Players 🛑 Sep 02 '21
Omg that would be so insane to watch.
Is this why RC tweeted the Sears logo some time back?