Berkeley CSUA MOTD:Entry 25978
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2025/07/08 [General] UID:1000 Activity:popular
7/8     

2002/9/23-24 [Industry/Startup, Finance/Investment] UID:25978 Activity:low
9/23    Can someone explain this?  GMGC filed for Chapter 7 last Wednesday, yet
        its stock is still being traded and it even went up 67% today.
        \_ The bankruptcy filing means that the assets are going to be
           liquidated soon, instead of sitting around indefinitely.  The
           stock probably went up in anticipation of possible recoveries
           from the asset liquidation proceeds.  "67%" is a little
           misleading -- it went from 3 cents to 5 cents.
           \_ But the mere fact that it went up at all puzzled me.
              \_ 2cents.  background noise.
2025/07/08 [General] UID:1000 Activity:popular
7/8     

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