Nov. 10 at 2:49 AM
$BIGGQ
Financial statements don't mean a lot in a bankruptcy.
The debts are actual dollars due. The assets are listed at book value, but in the real world, they bring far less when they are sold.
That happens anytime any company tries to dispose of purchased assets, but happens even more so during a bankruptcy.
Retailers are lucky to get 10 to 15 cents on the dollar for retail inventory.
So when you are looking at debts vs. assets, you are seeing something that is true on paper, but it doesn't correspond to what happens in the real world.
You saw the outcome here. You can continue with your fantasy about it, but it didn't and won't change the outcome.
Likewise, you can continue to make veiled threats about what will happen here, but bankruptcy tends to be a process with a lot of finality.
